Orix Corp Ads (NYSE:IX) Sets New 52-Week High – Here’s Why

Orix Corp Ads (NYSE:IX) reached a new 52-week high during trading on Tuesday . The stock traded as high as $39.98 and last traded at $39.92, with a volume of 21714 shares traded. The stock had previously closed at $38.85.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Wall Street Zen lowered shares of Orix Corp Ads from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Orix Corp Ads in a research note on Friday, May 8th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Orix Corp Ads presently has an average rating of “Buy”.

Orix Corp Ads Stock Performance

The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.71 and a current ratio of 1.76. The stock has a market cap of $42.81 billion, a P/E ratio of 14.44, a price-to-earnings-growth ratio of 1.33 and a beta of 0.84. The firm’s 50 day moving average is $32.86 and its 200 day moving average is $31.14.

Orix Corp Ads (NYSE:IX) last posted its quarterly earnings data on Tuesday, March 31st. The real estate investment trust reported $1.64 EPS for the quarter. Orix Corp Ads had a net margin of 13.55% and a return on equity of 9.93%. The firm had revenue of $6.03 billion during the quarter. Analysts anticipate that Orix Corp Ads will post 2.96 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of IX. Atlas Capital Advisors Inc. acquired a new position in Orix Corp Ads during the 4th quarter valued at approximately $28,000. V Square Quantitative Management LLC acquired a new position in Orix Corp Ads during the 4th quarter valued at approximately $34,000. Kestra Advisory Services LLC acquired a new position in Orix Corp Ads during the 4th quarter valued at approximately $35,000. Geneos Wealth Management Inc. increased its stake in Orix Corp Ads by 4,325.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,080 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 2,033 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Orix Corp Ads by 56.5% during the 4th quarter. Farther Finance Advisors LLC now owns 3,212 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 1,160 shares in the last quarter. Institutional investors and hedge funds 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.