Orix Corp Ads (NYSE:IX) Sees Large Volume Increase – Time to Buy?

Orix Corp Ads (NYSE:IX) shares saw unusually-strong trading volume on Thursday . Approximately 333,641 shares traded hands during mid-day trading, a decline of 8% from the previous session’s volume of 362,469 shares.The stock last traded at $39.4940 and had previously closed at $39.25.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Orix Corp Ads in a research report on Friday, May 8th. Wall Street Zen raised Orix Corp Ads from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy”.

Orix Corp Ads Stock Performance

The firm has a market capitalization of $42.05 billion, a price-to-earnings ratio of 14.19, a P/E/G ratio of 1.33 and a beta of 0.88. The company has a quick ratio of 1.71, a current ratio of 1.76 and a debt-to-equity ratio of 1.30. The stock has a 50-day moving average price of $34.10 and a 200 day moving average price of $31.75.

Orix Corp Ads (NYSE:IX) last announced its quarterly earnings data on Tuesday, March 31st. The real estate investment trust reported $1.64 EPS for the quarter. Orix Corp Ads had a return on equity of 9.93% and a net margin of 13.55%.The business had revenue of $6.03 billion during the quarter. On average, analysts forecast that Orix Corp Ads will post 2.96 EPS for the current year.

Hedge Funds Weigh In On Orix Corp Ads

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Atlas Capital Advisors Inc. acquired a new position in Orix Corp Ads in the fourth quarter valued at approximately $28,000. V Square Quantitative Management LLC acquired a new position in Orix Corp Ads in the fourth quarter valued at approximately $34,000. Kestra Advisory Services LLC acquired a new position in Orix Corp Ads in the fourth quarter valued at approximately $35,000. Geneos Wealth Management Inc. boosted its holdings in 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 in the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in Orix Corp Ads by 56.5% in the fourth quarter. Farther Finance Advisors LLC now owns 3,212 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 1,160 shares in the last quarter. 1.73% of the stock is owned by institutional investors and hedge funds.

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.