28,548 Shares in Orix Corp Ads $IX Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. bought a new stake in Orix Corp Ads (NYSE:IX) during the second quarter, HoldingsChannel reports. The fund bought 28,548 shares of the real estate investment trust’s stock, valued at approximately $1,097,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Morgan Stanley lifted its stake in 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 valued at $149,546,000 after acquiring an additional 74,473 shares during the period. Bank of America Corp DE raised its holdings in shares of Orix Corp Ads by 0.9% during the first quarter. Bank of America Corp DE now owns 2,893,892 shares of the real estate investment trust’s stock worth $86,788,000 after purchasing an additional 25,662 shares during the last quarter. Quantinno Capital Management LP raised its holdings in shares of Orix Corp Ads by 16.3% during the first quarter. Quantinno Capital Management LP now owns 924,415 shares of the real estate investment trust’s stock worth $27,723,000 after purchasing an additional 129,739 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Orix Corp Ads by 29.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 284,170 shares of the real estate investment trust’s stock valued at $8,303,000 after purchasing an additional 65,067 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its position in Orix Corp Ads by 4.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 248,110 shares of the real estate investment trust’s stock valued at $7,250,000 after purchasing an additional 10,627 shares during the period. Institutional investors and hedge funds own 1.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Zacks Research downgraded Orix Corp Ads from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Weiss Ratings raised Orix Corp Ads from a “hold (c+)” rating to a “buy (b)” rating in a report on Wednesday, August 12th. Finally, Wall Street Zen downgraded Orix Corp Ads from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Orix Corp Ads presently has a consensus rating of “Moderate Buy”.

Orix Corp Ads Stock Down 0.5%

Shares of IX opened at $39.03 on Thursday. The company has a current ratio of 2.15, a quick ratio of 2.07 and a debt-to-equity ratio of 1.20. Orix Corp Ads has a 12 month low of $24.19 and a 12 month high of $42.39. The stock’s 50 day moving average is $39.69 and its two-hundred day moving average is $36.34. The firm has a market cap of $43.33 billion, a P/E ratio of 10.78, a PEG ratio of 0.78 and a beta of 0.87.

Orix Corp Ads (NYSE:IX) last released its earnings results on Tuesday, June 30th. The real estate investment trust reported $1.57 EPS for the quarter. Orix Corp Ads had a net margin of 18.02% and a return on equity of 13.11%. The business had revenue of $7.06 billion during the quarter. Analysts predict that Orix Corp Ads will post 5.04 earnings per share for the current fiscal year.

Orix Corp Ads Company Profile

ORIX Corporation is a diversified financial services and asset-management company headquartered in Tokyo, Japan. Founded in 1964 as Orient Leasing, the company has expanded from its original leasing business into a broad range of financial, investment and operating businesses. Its American depositary shares trade on the New York Stock Exchange under the symbol IX.

ORIX provides corporate financial services, leasing, business investment, insurance, banking and credit services. Its activities also include real estate development and management, private equity and concession investments, aircraft and ship financing, and asset management.