Investment Research Partners LLC Purchases New Position in Orix Corp Ads $IX

Investment Research Partners LLC acquired a new position in Orix Corp Ads (NYSE:IX) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 23,656 shares of the real estate investment trust’s stock, valued at approximately $575,000.

Several other institutional investors also recently bought and sold shares of the company. Quantinno Capital Management LP raised its position in Orix Corp Ads by 88.2% during the 2nd quarter. Quantinno Capital Management LP now owns 481,327 shares of the real estate investment trust’s stock valued at $10,839,000 after purchasing an additional 225,580 shares in the last quarter. Millennium Management LLC grew its position in shares of Orix Corp Ads by 3,021.1% during the 1st quarter. Millennium Management LLC now owns 203,967 shares of the real estate investment trust’s stock worth $4,261,000 after buying an additional 197,432 shares in the last quarter. Todd Asset Management LLC grew its position in shares of Orix Corp Ads by 6.1% during the 3rd quarter. Todd Asset Management LLC now owns 1,847,014 shares of the real estate investment trust’s stock worth $48,244,000 after buying an additional 105,837 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Orix Corp Ads by 4.4% during the second quarter. Bank of America Corp DE now owns 2,353,948 shares of the real estate investment trust’s stock valued at $53,011,000 after buying an additional 99,516 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of Orix Corp Ads by 17.6% during the third quarter. American Century Companies Inc. now owns 639,305 shares of the real estate investment trust’s stock valued at $16,699,000 after buying an additional 95,796 shares during the period. 1.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

IX has been the subject of a number of research reports. 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 reissued a “buy (b-)” rating on shares of Orix Corp Ads in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy”.

Orix Corp Ads Stock Down 1.2%

Shares of NYSE IX opened at $30.20 on Thursday. The company has a current ratio of 1.82, a quick ratio of 1.77 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $34.41 billion, a PE ratio of 10.82, a price-to-earnings-growth ratio of 0.74 and a beta of 0.71. The stock’s fifty day simple moving average is $32.31 and its two-hundred day simple moving average is $28.67. Orix Corp Ads has a 12-month low of $17.75 and a 12-month high of $37.04.

Orix Corp Ads (NYSE:IX) last released its quarterly earnings results on Monday, February 9th. The real estate investment trust reported $0.69 EPS for the quarter, topping the consensus estimate of $0.51 by $0.18. The firm had revenue of $4.78 billion during the quarter, compared to analyst estimates of $4.38 billion. Orix Corp Ads had a return on equity of 10.69% and a net margin of 15.04%. As a group, analysts expect that Orix Corp Ads will post 11.31 EPS for the current fiscal year.

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.