Ritholtz Wealth Management Acquires 25,410 Shares of Orix Corp Ads $IX

Ritholtz Wealth Management grew its holdings in Orix Corp Ads (NYSE:IX) by 32.3% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 104,097 shares of the real estate investment trust’s stock after buying an additional 25,410 shares during the quarter. Ritholtz Wealth Management’s holdings in Orix Corp Ads were worth $3,122,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in IX. Royal Bank of Canada lifted its position in Orix Corp Ads by 336.1% during the 1st quarter. Royal Bank of Canada now owns 38,081 shares of the real estate investment trust’s stock worth $796,000 after buying an additional 29,349 shares in the last quarter. AQR Capital Management LLC increased its position in Orix Corp Ads by 433.3% in the 1st quarter. AQR Capital Management LLC now owns 44,547 shares of the real estate investment trust’s stock valued at $931,000 after acquiring an additional 36,194 shares in the last quarter. Millennium Management LLC increased its position in Orix Corp Ads by 3,021.1% in the 1st quarter. Millennium Management LLC now owns 203,967 shares of the real estate investment trust’s stock valued at $4,261,000 after acquiring an additional 197,432 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Orix Corp Ads by 8,083.8% in the first quarter. Jones Financial Companies Lllp now owns 5,565 shares of the real estate investment trust’s stock worth $116,000 after acquiring an additional 5,497 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Orix Corp Ads by 568.7% in the first quarter. Goldman Sachs Group Inc. now owns 96,454 shares of the real estate investment trust’s stock worth $2,015,000 after acquiring an additional 82,030 shares during the last quarter. 1.73% of the stock is owned by institutional investors.

Orix Corp Ads Price Performance

Orix Corp Ads stock opened at $38.31 on Friday. The business’s 50-day simple moving average is $36.69 and its 200 day simple moving average is $33.04. The stock has a market cap of $42.54 billion, a price-to-earnings ratio of 14.35, a P/E/G ratio of 1.29 and a beta of 0.88. Orix Corp Ads has a 12-month low of $22.05 and a 12-month high of $40.63. The company has a quick ratio of 1.71, a current ratio of 1.77 and a debt-to-equity ratio of 1.30.

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

Analysts Set New Price Targets

IX has been the topic of a number of research reports. Weiss Ratings lowered shares of Orix Corp Ads from a “buy (b)” rating to a “hold (c)” rating in a research report on Tuesday. Wall Street Zen cut shares of Orix Corp Ads from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Orix Corp Ads has an average rating of “Hold”.

Orix Corp Ads 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.