Wambolt & Associates LLC Trims Stock Position in Orix Corp Ads $IX

Wambolt & Associates LLC lessened its holdings in Orix Corp Ads (NYSE:IX) by 8.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 97,031 shares of the real estate investment trust’s stock after selling 9,321 shares during the period. Wambolt & Associates LLC’s holdings in Orix Corp Ads were worth $2,208,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in IX. Soundwatch Capital LLC purchased a new stake in Orix Corp Ads during the second quarter valued at approximately $25,000. AlphaCore Capital LLC bought a new position in Orix Corp Ads in the second quarter worth approximately $27,000. Brooklyn Investment Group boosted its stake in shares of Orix Corp Ads by 132,800.0% during the 1st quarter. Brooklyn Investment Group now owns 1,329 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 1,328 shares during the last quarter. Addison Advisors LLC grew its position in shares of Orix Corp Ads by 480.0% during the 2nd quarter. Addison Advisors LLC now owns 1,537 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 1,272 shares during the period. Finally, Brentview Investment Management LLC bought a new stake in shares of Orix Corp Ads during the 1st quarter valued at $37,000. Hedge funds and other institutional investors own 1.73% of the company’s stock.

Orix Corp Ads Trading Up 1.4%

Shares of IX stock opened at $26.72 on Wednesday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.72 and a current ratio of 1.76. The stock has a fifty day simple moving average of $25.55 and a two-hundred day simple moving average of $24.00. The firm has a market capitalization of $30.46 billion, a PE ratio of 12.23, a PEG ratio of 0.91 and a beta of 0.88. Orix Corp Ads has a 52-week low of $17.75 and a 52-week high of $27.21.

Orix Corp Ads (NYSE:IX) last announced its quarterly earnings data on Wednesday, November 12th. The real estate investment trust reported $0.99 EPS for the quarter, beating the consensus estimate of $0.57 by $0.42. Orix Corp Ads had a return on equity of 9.01% and a net margin of 12.70%.The business had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $4.87 billion. On average, analysts predict that Orix Corp Ads will post 11.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

IX has been the topic of a number of recent research reports. Wall Street Zen cut Orix Corp Ads from a “strong-buy” rating to a “buy” rating in a report on Friday, August 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of Orix Corp Ads in a research report on Thursday, November 20th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

About Orix Corp Ads

ORIX Corporation provides diversified financial services in Japan, the United States, Asia, Europe, Australasia, and the Middle East. The company's Corporate Financial Services and Maintenance Leasing segment is involved in the finance and fee; leasing and rental of automobiles, electronic measuring instruments, and ICT-related equipment businesses; and provision of life insurance and environment and energy-related products and services.