Orix Corp Ads (NYSE:IX) Sets New 1-Year High – Here’s Why

Orix Corp Ads (NYSE:IX) hit a new 52-week high during trading on Wednesday . The stock traded as high as $38.56 and last traded at $38.6290, with a volume of 67977 shares changing hands. The stock had previously closed at $37.22.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Orix Corp Ads in a research report on Friday, May 8th. Wall Street Zen cut Orix Corp Ads from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Orix Corp Ads Stock Up 3.7%

The company has a quick ratio of 1.71, a current ratio of 1.76 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $42.85 billion, a P/E ratio of 14.46, a PEG ratio of 1.23 and a beta of 0.84. The firm has a 50-day moving average price of $31.90 and a two-hundred day moving average price of $30.53.

Orix Corp Ads (NYSE:IX) last issued its earnings results on Tuesday, March 31st. The real estate investment trust reported $1.64 EPS for the quarter. The business had revenue of $6.03 billion during the quarter. Orix Corp Ads had a return on equity of 9.93% and a net margin of 13.55%. Equities research analysts anticipate that Orix Corp Ads will post 2.98 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IX. Royal Bank of Canada raised its stake in shares of Orix Corp Ads by 336.1% in the first quarter. Royal Bank of Canada now owns 38,081 shares of the real estate investment trust’s stock valued at $796,000 after purchasing an additional 29,349 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Orix Corp Ads by 433.3% in the first quarter. AQR Capital Management LLC now owns 44,547 shares of the real estate investment trust’s stock valued at $931,000 after purchasing an additional 36,194 shares in the last quarter. Millennium Management LLC raised its stake in shares of Orix Corp Ads by 3,021.1% in the first quarter. Millennium Management LLC now owns 203,967 shares of the real estate investment trust’s stock valued at $4,261,000 after purchasing an additional 197,432 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Orix Corp Ads by 8,083.8% in the first quarter. Jones Financial Companies Lllp now owns 5,565 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 5,497 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Orix Corp Ads by 568.7% during the first quarter. Goldman Sachs Group Inc. now owns 96,454 shares of the real estate investment trust’s stock worth $2,015,000 after acquiring an additional 82,030 shares in the last quarter. 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.