Orix Corp Ads (NYSE:IX) Reaches New 12-Month High – What’s Next?

Orix Corp Ads (NYSE:IX) hit a new 52-week high during trading on Wednesday . The stock traded as high as $40.06 and last traded at $40.0780, with a volume of 81675 shares trading hands. The stock had previously closed at $39.37.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Orix Corp Ads in a research note on Friday, May 8th. Wall Street Zen downgraded shares of Orix Corp Ads from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Orix Corp Ads Stock Performance

The firm has a fifty day moving average of $35.75 and a 200 day moving average of $32.59. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.76 and a quick ratio of 1.71. The stock has a market capitalization of $44.55 billion, a price-to-earnings ratio of 15.03, a price-to-earnings-growth ratio of 1.33 and a beta of 0.88.

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

Hedge Funds Weigh In On Orix Corp Ads

Several large investors have recently made changes to their positions in IX. CTC Alternative Strategies Ltd. purchased a new stake in Orix Corp Ads during the 3rd quarter worth approximately $895,000. AlphaCore Capital LLC boosted its stake in Orix Corp Ads by 6,402.7% during the third quarter. AlphaCore Capital LLC now owns 77,707 shares of the real estate investment trust’s stock worth $2,030,000 after buying an additional 76,512 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in Orix Corp Ads by 8.3% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 1,147,000 shares of the real estate investment trust’s stock valued at $29,960,000 after buying an additional 88,100 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Orix Corp Ads by 17.6% in the 3rd quarter. American Century Companies Inc. now owns 639,305 shares of the real estate investment trust’s stock worth $16,699,000 after acquiring an additional 95,796 shares during the last quarter. Finally, Calamos Wealth Management LLC purchased a new position in shares of Orix Corp Ads during the 4th quarter worth $4,103,000. 1.73% of the stock is currently owned by institutional investors and hedge funds.

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.