Orix Corp Ads (NYSE:IX) Hits New 12-Month High – Time to Buy?

Orix Corp Ads (NYSE:IX) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $40.65 and last traded at $40.52, with a volume of 30119 shares. The stock had previously closed at $40.21.

Analyst Upgrades and Downgrades

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

Orix Corp Ads Stock Up 0.1%

The firm has a fifty day moving average price of $38.49 and a 200 day moving average price of $33.96. The firm has a market capitalization of $44.70 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 0.84 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 released its quarterly earnings data on Tuesday, March 31st. The real estate investment trust reported $1.64 earnings per share (EPS) for the quarter. The firm 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%. As a group, sell-side analysts expect that Orix Corp Ads will post 4.64 EPS for the current fiscal year.

Institutional Investors Weigh In On Orix Corp Ads

Institutional investors and hedge funds have recently made changes to their positions in the business. Atlas Capital Advisors Inc. acquired a new stake in Orix Corp Ads in the 4th quarter valued at about $28,000. V Square Quantitative Management LLC acquired a new position in Orix Corp Ads during the fourth quarter worth about $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. grew its position 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 purchasing an additional 2,033 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of Orix Corp Ads by 56.5% during the 4th quarter. Farther Finance Advisors LLC now owns 3,212 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 1,160 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.