Hennion & Walsh Asset Management Inc. Grows Position in Orix Corp Ads $IX

Hennion & Walsh Asset Management Inc. lifted its position in shares of Orix Corp Ads (NYSE:IX) by 94.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,576 shares of the real estate investment trust’s stock after purchasing an additional 13,427 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Orix Corp Ads were worth $1,049,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Atlas Capital Advisors Inc. purchased a new stake in Orix Corp Ads during the fourth quarter worth $28,000. Kestra Advisory Services LLC purchased a new position in Orix Corp Ads in the fourth quarter valued at $35,000. Geneos Wealth Management Inc. raised its position in shares of Orix Corp Ads by 4,325.5% in the first quarter. Geneos Wealth Management Inc. now owns 2,080 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 2,033 shares during the period. V Square Quantitative Management LLC raised its position in shares of Orix Corp Ads by 40.7% in the first quarter. V Square Quantitative Management LLC now owns 1,617 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 468 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in shares of 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 worth $94,000 after acquiring an additional 1,160 shares in the last quarter. 1.73% of the stock is owned by hedge funds and other institutional investors.

Orix Corp Ads Stock Performance

NYSE:IX opened at $40.43 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 2.07 and a current ratio of 2.15. The stock has a market capitalization of $44.88 billion, a PE ratio of 11.17, a P/E/G ratio of 0.74 and a beta of 0.88. Orix Corp Ads has a fifty-two week low of $24.19 and a fifty-two week high of $42.39. The company has a fifty day moving average of $39.52 and a two-hundred day moving average of $35.52.

Orix Corp Ads (NYSE:IX) last announced its earnings results on Tuesday, June 30th. The real estate investment trust reported $1.57 earnings per share (EPS) for the quarter. The business had revenue of $7.06 billion for the quarter. Orix Corp Ads had a net margin of 18.02% and a return on equity of 13.11%. As a group, research analysts forecast that Orix Corp Ads will post 5.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.