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

Orix Corp Ads (NYSE:IX)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $30.85 and last traded at $30.7970, with a volume of 148038 shares. The stock had previously closed at $30.56.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of Orix Corp Ads in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Orix Corp Ads Stock Performance

The company has a market cap of $35.10 billion, a PE ratio of 11.79, a PEG ratio of 0.94 and a beta of 0.74. The company has a current ratio of 1.81, a quick ratio of 1.77 and a debt-to-equity ratio of 1.31. The business’s 50 day moving average is $29.26 and its two-hundred day moving average is $26.68.

Orix Corp Ads (NYSE:IX) last issued its quarterly earnings results on Wednesday, November 12th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.42. Orix Corp Ads had a return on equity of 10.30% and a net margin of 14.53%.The business had revenue of $5.73 billion during the quarter, compared to analyst estimates of $4.87 billion. On average, equities research analysts anticipate that Orix Corp Ads will post 11.31 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its position 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 worth $796,000 after buying an additional 29,349 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Orix Corp Ads by 433.3% during the 1st quarter. AQR Capital Management LLC now owns 44,547 shares of the real estate investment trust’s stock worth $931,000 after acquiring an additional 36,194 shares in the last quarter. Millennium Management LLC boosted its position in shares of Orix Corp Ads by 3,021.1% during the 1st quarter. Millennium Management LLC now owns 203,967 shares of the real estate investment trust’s stock valued at $4,261,000 after acquiring an additional 197,432 shares during the last quarter. Jones Financial Companies Lllp grew its holdings 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. increased its position in Orix Corp Ads by 568.7% in 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 purchasing an additional 82,030 shares during the last quarter. 1.73% of the stock is owned by hedge funds and other institutional investors.

About Orix Corp Ads

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.