Orix Corp Ads (NYSE:IX) Rating Lowered to Hold at Wall Street Zen

Orix Corp Ads (NYSE:IX) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Orix Corp Ads in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Orix Corp Ads presently has an average rating of “Buy”.

Orix Corp Ads Trading Up 3.2%

NYSE IX opened at $32.25 on Friday. The stock has a market cap of $36.76 billion, a PE ratio of 12.35, a PEG ratio of 0.99 and a beta of 0.74. Orix Corp Ads has a 12 month low of $17.75 and a 12 month high of $32.37. The company’s 50-day moving average price is $29.61 and its 200-day moving average price is $26.93. The company has a current ratio of 1.81, a quick ratio of 1.77 and a debt-to-equity ratio of 1.31.

Orix Corp Ads (NYSE:IX) last released its quarterly earnings data on Wednesday, November 12th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.42. The company had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $4.87 billion. Orix Corp Ads had a net margin of 14.53% and a return on equity of 10.30%. Equities research analysts forecast that Orix Corp Ads will post 11.31 earnings per share for the current year.

Hedge Funds Weigh In On Orix Corp Ads

A number of large investors have recently bought and sold shares of IX. CWM LLC lifted its position in Orix Corp Ads by 121.9% during the third quarter. CWM LLC now owns 93,913 shares of the real estate investment trust’s stock valued at $2,453,000 after acquiring an additional 51,595 shares during the last quarter. Vise Technologies Inc. acquired a new position in shares of Orix Corp Ads during the second quarter worth $892,000. Hantz Financial Services Inc. lifted its holdings in shares of Orix Corp Ads by 1,105.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 2,484 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 2,278 shares during the last quarter. Simon Quick Advisors LLC purchased a new stake in shares of Orix Corp Ads during the 2nd quarter valued at $338,000. Finally, Sivia Capital Partners LLC acquired a new stake in shares of Orix Corp Ads in the 2nd quarter worth $247,000. Institutional investors own 1.73% of the company’s stock.

Orix Corp Ads Company Profile

ORIX Corporation ADS (NYSE: IX) is the American depositary share listing of ORIX Corporation, a diversified financial services group headquartered in Tokyo, Japan. The company operates across multiple business lines that include leasing and lending, real estate, investment and asset management, and a range of retail and corporate financial services. ORIX’s ADS program allows U.S. investors to access ownership in the Tokyo-based group through shares traded on the New York Stock Exchange.

Core activities include equipment leasing and installment financing for corporate customers, corporate lending and structured finance, and real estate development and property management.