Paradigm Asset Management Co. LLC Has $1.94 Million Stake in Orix Corp Ads $IX

Paradigm Asset Management Co. LLC trimmed its position in shares of Orix Corp Ads (NYSE:IX) by 20.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 66,400 shares of the real estate investment trust’s stock after selling 17,300 shares during the period. Paradigm Asset Management Co. LLC’s holdings in Orix Corp Ads were worth $1,940,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in IX. Truist Financial Corp increased its holdings in shares of Orix Corp Ads by 4.1% in the fourth quarter. Truist Financial Corp now owns 8,527 shares of the real estate investment trust’s stock valued at $249,000 after purchasing an additional 337 shares during the last quarter. Net Worth Advisory Group increased its holdings in shares of Orix Corp Ads by 3.6% in the fourth quarter. Net Worth Advisory Group now owns 11,136 shares of the real estate investment trust’s stock valued at $325,000 after purchasing an additional 389 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Orix Corp Ads by 6.8% in the fourth quarter. GAMMA Investing LLC now owns 6,701 shares of the real estate investment trust’s stock valued at $196,000 after purchasing an additional 427 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Orix Corp Ads by 2.8% in the third quarter. Franklin Resources Inc. now owns 16,147 shares of the real estate investment trust’s stock valued at $422,000 after purchasing an additional 445 shares during the last quarter. Finally, Raymond James Financial Inc. increased its holdings in shares of Orix Corp Ads by 2.7% in the second quarter. Raymond James Financial Inc. now owns 17,157 shares of the real estate investment trust’s stock valued at $386,000 after purchasing an additional 457 shares during the last quarter. 1.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

IX has been the topic of several research reports. Wall Street Zen downgraded shares of Orix Corp Ads from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Orix Corp Ads in a report on Friday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Orix Corp Ads Price Performance

NYSE:IX opened at $37.66 on Wednesday. The firm’s fifty day moving average price is $31.42 and its two-hundred day moving average price is $30.10. The company has a market cap of $41.81 billion, a P/E ratio of 14.11, a P/E/G ratio of 0.84 and a beta of 0.84. Orix Corp Ads has a one year low of $19.90 and a one year high of $38.56. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.82 and a quick ratio of 1.77.

Orix Corp Ads (NYSE:IX) last announced its earnings results on Monday, May 11th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The business had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $2.63 billion. Orix Corp Ads had a net margin of 13.55% and a return on equity of 9.94%. Equities analysts expect that Orix Corp Ads will post 2.75 earnings per share for the current year.

Orix Corp Ads 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.