Orix Corp Ads (NYSE:IX) Share Price Passes Above 200-Day Moving Average – Here’s Why

Orix Corp Ads (NYSE:IX) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $28.82 and traded as high as $29.71. Orix Corp Ads shares last traded at $29.3020, with a volume of 301,703 shares trading hands.

Analyst Upgrades and Downgrades

IX has been the subject of several research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Orix Corp Ads in a research report on Monday, December 29th. Wall Street Zen downgraded shares of Orix Corp Ads from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy”.

Orix Corp Ads Price Performance

The firm has a fifty day moving average of $32.21 and a two-hundred day moving average of $28.84. The stock has a market capitalization of $33.40 billion, a P/E ratio of 10.50, a P/E/G ratio of 0.71 and a beta of 0.71. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.82 and a quick ratio of 1.77.

Orix Corp Ads (NYSE:IX) last issued its earnings results on Monday, February 9th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.18. Orix Corp Ads had a net margin of 15.04% and a return on equity of 10.69%. The company had revenue of $5.72 billion for the quarter, compared to analysts’ expectations of $4.38 billion. On average, analysts predict that Orix Corp Ads will post 11.31 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in IX. Morgan Stanley lifted its stake in shares of Orix Corp Ads by 1.5% during the 4th quarter. Morgan Stanley now owns 5,117,942 shares of the real estate investment trust’s stock worth $149,546,000 after purchasing an additional 74,473 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Orix Corp Ads by 0.9% during the third quarter. Bank of America Corp DE now owns 2,375,278 shares of the real estate investment trust’s stock valued at $62,042,000 after buying an additional 21,330 shares during the last quarter. Todd Asset Management LLC boosted its holdings in shares of Orix Corp Ads by 6.1% in the 3rd quarter. Todd Asset Management LLC now owns 1,847,014 shares of the real estate investment trust’s stock valued at $48,244,000 after buying an additional 105,837 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its position in shares of 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 worth $29,960,000 after buying an additional 88,100 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Orix Corp Ads by 17.6% during 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 in the last quarter. 1.73% of the stock is currently owned by hedge funds and other institutional investors.

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.