Naviter Wealth LLC Makes New $331,000 Investment in Orix Corp Ads $IX

Naviter Wealth LLC bought a new position in Orix Corp Ads (NYSE:IX) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 14,699 shares of the real estate investment trust’s stock, valued at approximately $331,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IX. Todd Asset Management LLC lifted its position in Orix Corp Ads by 399.1% in the 1st quarter. Todd Asset Management LLC now owns 1,727,984 shares of the real estate investment trust’s stock worth $36,098,000 after buying an additional 1,381,764 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Orix Corp Ads by 400.1% during the 1st quarter. Northern Trust Corp now owns 1,070,093 shares of the real estate investment trust’s stock valued at $22,354,000 after purchasing an additional 856,122 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Orix Corp Ads by 400.0% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 1,058,900 shares of the real estate investment trust’s stock valued at $22,120,000 after purchasing an additional 847,120 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Orix Corp Ads by 449.1% during the 1st quarter. American Century Companies Inc. now owns 467,365 shares of the real estate investment trust’s stock valued at $9,763,000 after purchasing an additional 382,251 shares in the last quarter. Finally, Eagle Global Advisors LLC raised its holdings in shares of Orix Corp Ads by 392.5% during the 1st quarter. Eagle Global Advisors LLC now owns 397,500 shares of the real estate investment trust’s stock valued at $8,304,000 after purchasing an additional 316,796 shares in the last quarter. Hedge funds and other institutional investors own 1.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on IX. Weiss Ratings restated a “hold (c)” rating on shares of Orix Corp Ads in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of Orix Corp Ads from a “strong-buy” rating to a “buy” rating in a report on Friday, August 22nd. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Orix Corp Ads Stock Performance

Shares of IX opened at $24.71 on Wednesday. The company has a market capitalization of $28.16 billion, a PE ratio of 11.30, a price-to-earnings-growth ratio of 0.92 and a beta of 0.90. Orix Corp Ads has a one year low of $17.75 and a one year high of $27.21. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.76 and a quick ratio of 1.72. The company’s fifty day moving average price is $25.96 and its 200 day moving average price is $22.79.

Orix Corp Ads (NYSE:IX) last announced its earnings results on Thursday, August 7th. The real estate investment trust reported $0.65 EPS for the quarter, topping the consensus estimate of $0.54 by $0.11. The firm had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $4.96 billion. Orix Corp Ads had a net margin of 12.70% and a return on equity of 9.01%. As a group, analysts expect that Orix Corp Ads will post 11.31 earnings per share for the current year.

About Orix Corp Ads

ORIX Corporation provides diversified financial services in Japan, the United States, Asia, Europe, Australasia, and the Middle East. The company's Corporate Financial Services and Maintenance Leasing segment is involved in the finance and fee; leasing and rental of automobiles, electronic measuring instruments, and ICT-related equipment businesses; and provision of life insurance and environment and energy-related products and services.