Calamos Advisors LLC Buys New Position in Orix Corp Ads $IX

Calamos Advisors LLC acquired a new stake in Orix Corp Ads (NYSE:IX) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 163,340 shares of the real estate investment trust’s stock, valued at approximately $4,899,000.

Other hedge funds have also modified their holdings of the company. Atlas Capital Advisors Inc. purchased a new position in Orix Corp Ads during the 4th quarter worth $28,000. V Square Quantitative Management LLC acquired a new position in Orix Corp Ads in the fourth quarter valued at $34,000. Kestra Advisory Services LLC purchased a new stake in shares of Orix Corp Ads in the fourth quarter valued at about $35,000. Geneos Wealth Management Inc. raised its holdings 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 valued at $43,000 after buying an additional 2,033 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Orix Corp Ads by 56.5% during the fourth quarter. Farther Finance Advisors LLC now owns 3,212 shares of the real estate investment trust’s stock worth $94,000 after buying an additional 1,160 shares during the period. 1.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

IX has been the topic of several analyst reports. Wall Street Zen downgraded Orix Corp Ads from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. Weiss Ratings lowered shares of Orix Corp Ads from a “buy (b)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Finally, Zacks Research upgraded shares of Orix Corp Ads from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy”.

Orix Corp Ads Stock Performance

Shares of IX opened at $40.57 on Thursday. Orix Corp Ads has a 1 year low of $22.10 and a 1 year high of $40.65. The company’s 50 day simple moving average is $38.62 and its 200 day simple moving average is $34.04. The company has a market capitalization of $45.04 billion, a price-to-earnings ratio of 15.20, a PEG ratio of 0.86 and a beta of 0.89. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.73 and a current ratio of 1.77.

Orix Corp Ads (NYSE:IX) last issued 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 firm had revenue of $6.03 billion for the quarter. On average, sell-side analysts predict that Orix Corp Ads will post 4.64 EPS for the current year.

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.