Orix Corp Ads (NYSE:IX) Reaches New 1-Year High – Here’s What Happened

Shares of Orix Corp Ads (NYSE:IX) reached a new 52-week high on Wednesday . The stock traded as high as $38.56 and last traded at $38.6290, with a volume of 67977 shares. The stock had previously closed at $37.22.

Analysts Set New Price Targets

Several research firms recently weighed in on IX. 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 reaffirmed a “buy (b)” rating on shares of Orix Corp Ads in a report on Friday, May 8th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy”.

Orix Corp Ads Trading Up 3.7%

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 firm’s 50-day simple moving average is $31.90 and its 200 day simple moving average is $30.53. The stock has a market capitalization of $42.85 billion, a P/E ratio of 14.46, a PEG ratio of 1.23 and a beta of 0.84.

Orix Corp Ads (NYSE:IX) last issued its quarterly earnings results on Tuesday, March 31st. The real estate investment trust reported $1.64 EPS for the quarter. The firm had revenue of $6.03 billion for the quarter. Orix Corp Ads had a net margin of 13.55% and a return on equity of 9.93%. Equities research analysts anticipate that Orix Corp Ads will post 2.98 EPS for the current fiscal year.

Institutional Investors Weigh In On Orix Corp Ads

Several large investors have recently made changes to their positions in the company. Morgan Stanley grew its stake in shares of Orix Corp Ads by 1.5% in the 4th quarter. Morgan Stanley now owns 5,117,942 shares of the real estate investment trust’s stock valued at $149,546,000 after buying an additional 74,473 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Orix Corp Ads by 0.9% in the 1st quarter. Bank of America Corp DE now owns 2,893,892 shares of the real estate investment trust’s stock valued at $86,788,000 after buying an additional 25,662 shares in the last quarter. Todd Asset Management LLC grew its stake in shares of Orix Corp Ads by 6.1% in the 3rd quarter. Todd Asset Management LLC now owns 1,847,014 shares of the real estate investment trust’s stock valued at $48,244,000 after buying an additional 105,837 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in shares of Orix Corp Ads by 8.3% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 1,147,000 shares of the real estate investment trust’s stock valued at $29,960,000 after buying an additional 88,100 shares in the last quarter. Finally, Quantinno Capital Management LP grew its stake in shares of Orix Corp Ads by 16.3% in the 1st quarter. Quantinno Capital Management LP now owns 924,415 shares of the real estate investment trust’s stock valued at $27,723,000 after buying an additional 129,739 shares in the last quarter. Institutional investors own 1.73% of the company’s stock.

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.