Orix Corp Ads (NYSE:IX) Shares Gap Up – What’s Next?

Orix Corp Ads (NYSE:IX) shares gapped up before the market opened on Wednesday . The stock had previously closed at $25.46, but opened at $26.84. Orix Corp Ads shares last traded at $26.9890, with a volume of 28,364 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Orix Corp Ads in a research report on Wednesday, October 8th. Wall Street Zen downgraded Orix Corp Ads from a “strong-buy” rating to a “buy” rating in a report on Friday, August 22nd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Orix Corp Ads presently has a consensus rating of “Hold”.

Orix Corp Ads Trading Up 4.7%

The firm has a market capitalization of $30.37 billion, a price-to-earnings ratio of 12.25, a PEG ratio of 0.91 and a beta of 0.89. The business’s 50-day moving average price is $25.66 and its 200 day moving average price is $23.59. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.76 and a quick ratio of 1.72.

Orix Corp Ads (NYSE:IX) last released its quarterly earnings results on Wednesday, November 12th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter. Orix Corp Ads had a net margin of 12.70% and a return on equity of 9.01%. On average, equities analysts forecast that Orix Corp Ads will post 11.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Orix Corp Ads

A number of hedge funds have recently bought and sold shares of the business. Todd Asset Management LLC raised its position in shares of Orix Corp Ads by 399.1% in the 1st quarter. Todd Asset Management LLC now owns 1,727,984 shares of the real estate investment trust’s stock valued at $36,098,000 after purchasing an additional 1,381,764 shares in the last quarter. Northern Trust Corp grew its position in shares of Orix Corp Ads by 400.1% during the first quarter. Northern Trust Corp now owns 1,070,093 shares of the real estate investment trust’s stock worth $22,354,000 after buying an additional 856,122 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in shares of Orix Corp Ads by 400.0% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 1,058,900 shares of the real estate investment trust’s stock worth $22,120,000 after buying an additional 847,120 shares during the last quarter. American Century Companies Inc. raised its holdings in Orix Corp Ads by 449.1% in the first quarter. American Century Companies Inc. now owns 467,365 shares of the real estate investment trust’s stock valued at $9,763,000 after acquiring an additional 382,251 shares in the last quarter. Finally, Eagle Global Advisors LLC boosted its stake in Orix Corp Ads by 392.5% during the 1st quarter. Eagle Global Advisors LLC now owns 397,500 shares of the real estate investment trust’s stock valued at $8,304,000 after acquiring an additional 316,796 shares during the last quarter. Institutional investors and hedge funds own 1.73% of the company’s stock.

About Orix Corp Ads

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.