Orix Corp Ads (NYSE:IX) Sets New 1-Year High – Still a Buy?

Orix Corp Ads (NYSE:IX) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $41.61 and last traded at $41.49, with a volume of 3965 shares changing hands. The stock had previously closed at $40.24.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Zacks Research cut shares of Orix Corp Ads from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Wall Street Zen lowered shares of Orix Corp Ads from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. Finally, Weiss Ratings upgraded Orix Corp Ads from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 29th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Orix Corp Ads currently has an average rating of “Hold”.

Orix Corp Ads Trading Up 3.0%

The company has a debt-to-equity ratio of 1.30, a current ratio of 1.77 and a quick ratio of 1.73. The firm has a market cap of $46.01 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 0.86 and a beta of 0.88. The company’s 50 day moving average price is $39.31 and its 200 day moving average price is $35.02.

Orix Corp Ads (NYSE:IX) last posted its quarterly earnings results on Tuesday, March 31st. The real estate investment trust reported $1.64 earnings per share (EPS) for the quarter. The company had revenue of $6.03 billion for the quarter. Orix Corp Ads had a return on equity of 9.93% and a net margin of 13.55%. As a group, analysts forecast that Orix Corp Ads will post 4.59 EPS for the current fiscal year.

Institutional Trading of Orix Corp Ads

A number of hedge funds and other institutional investors have recently made changes to their positions in IX. Atlas Capital Advisors Inc. purchased a new stake in Orix Corp Ads in the fourth quarter valued at approximately $28,000. V Square Quantitative Management LLC purchased a new position in shares of Orix Corp Ads during the fourth quarter worth approximately $34,000. Kestra Advisory Services LLC acquired a new position in shares of Orix Corp Ads in the 4th quarter valued at $35,000. Geneos Wealth Management Inc. increased its holdings in shares of Orix Corp Ads by 4,325.5% in 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 acquiring an additional 2,033 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in shares of Orix Corp Ads by 56.5% in 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 acquiring an additional 1,160 shares during the period. Institutional investors and hedge funds own 1.73% of the company’s stock.

About Orix Corp Ads

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.