Orix Corp Ads (NYSE:IX) Hits New 1-Year High – Still a Buy?

Orix Corp Ads (NYSE:IX)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $30.73 and last traded at $30.6150, with a volume of 2401 shares traded. The stock had previously closed at $30.61.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Orix Corp Ads in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Orix Corp Ads Stock Up 0.4%

The firm has a 50-day simple moving average of $27.68 and a 200 day simple moving average of $25.79. The company has a market capitalization of $35.03 billion, a PE ratio of 11.76, a price-to-earnings-growth ratio of 0.94 and a beta of 0.73. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.81 and a quick ratio of 1.77.

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

Institutional Trading of Orix Corp Ads

Hedge funds have recently made changes to their positions in the company. Greenleaf Trust grew its holdings in Orix Corp Ads by 1.1% during the 3rd quarter. Greenleaf Trust now owns 37,437 shares of the real estate investment trust’s stock valued at $978,000 after purchasing an additional 402 shares in the last quarter. GAMMA Investing LLC boosted its position in Orix Corp Ads by 6.8% in the 4th quarter. GAMMA Investing LLC now owns 6,701 shares of the real estate investment trust’s stock valued at $196,000 after buying an additional 427 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Orix Corp Ads by 2.8% during the third quarter. Franklin Resources Inc. now owns 16,147 shares of the real estate investment trust’s stock valued at $422,000 after acquiring an additional 445 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of Orix Corp Ads by 2.7% during the second quarter. Raymond James Financial Inc. now owns 17,157 shares of the real estate investment trust’s stock worth $386,000 after acquiring an additional 457 shares during the last quarter. Finally, Global Retirement Partners LLC increased its position in shares of Orix Corp Ads by 58.2% during the third quarter. Global Retirement Partners LLC now owns 1,444 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 531 shares during the last quarter. Hedge funds and other institutional investors own 1.73% of the company’s stock.

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.