Orix Corp Ads (NYSE:IX) Issues Quarterly Earnings Results

Orix Corp Ads (NYSE:IX) announced its quarterly earnings data on Wednesday. The real estate investment trust reported $0.99 EPS for the quarter, Zacks reports. Orix Corp Ads had a net margin of 12.70% and a return on equity of 9.01%.

Orix Corp Ads Price Performance

Shares of IX stock traded up $1.32 during midday trading on Wednesday, reaching $26.78. 84,011 shares of the company were exchanged, compared to its average volume of 196,760. The company’s 50 day moving average price is $25.66 and its two-hundred day moving average price is $23.59. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.72 and a current ratio of 1.76. The company has a market cap of $30.52 billion, a P/E ratio of 12.26, a PEG ratio of 0.91 and a beta of 0.89. Orix Corp Ads has a 12 month low of $17.75 and a 12 month high of $27.21.

Hedge Funds Weigh In On Orix Corp Ads

A number of large investors have recently made changes to their positions in the business. Royal Bank of Canada lifted its holdings in Orix Corp Ads by 336.1% in the 1st quarter. Royal Bank of Canada now owns 38,081 shares of the real estate investment trust’s stock worth $796,000 after purchasing an additional 29,349 shares during the last quarter. AQR Capital Management LLC lifted its position in Orix Corp Ads by 433.3% in the first quarter. AQR Capital Management LLC now owns 44,547 shares of the real estate investment trust’s stock worth $931,000 after purchasing an additional 36,194 shares during the period. Millennium Management LLC boosted its stake in Orix Corp Ads by 3,021.1% during the first quarter. Millennium Management LLC now owns 203,967 shares of the real estate investment trust’s stock worth $4,261,000 after buying an additional 197,432 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Orix Corp Ads by 8,083.8% in the 1st quarter. Jones Financial Companies Lllp now owns 5,565 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 5,497 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Orix Corp Ads by 568.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 96,454 shares of the real estate investment trust’s stock valued at $2,015,000 after acquiring an additional 82,030 shares in the last quarter. Institutional investors and hedge funds own 1.73% of the company’s stock.

Wall Street Analysts Forecast Growth

IX has been the topic of a number of recent research reports. Wall Street Zen lowered shares of Orix Corp Ads from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Orix Corp Ads in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Orix Corp Ads presently has a consensus rating of “Hold”.

Orix Corp Ads Company Profile

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.