QRG Capital Management Inc. Purchases 28,594 Shares of Orix Corp Ads $IX

QRG Capital Management Inc. increased its holdings in Orix Corp Ads (NYSE:IX) by 22.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 153,303 shares of the real estate investment trust’s stock after acquiring an additional 28,594 shares during the quarter. QRG Capital Management Inc.’s holdings in Orix Corp Ads were worth $4,598,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IX. CTC Alternative Strategies Ltd. purchased a new stake in shares of Orix Corp Ads during the third quarter valued at about $895,000. American Century Companies Inc. grew its position in shares of Orix Corp Ads by 17.6% in the 3rd quarter. American Century Companies Inc. now owns 639,305 shares of the real estate investment trust’s stock worth $16,699,000 after buying an additional 95,796 shares during the last quarter. Calamos Wealth Management LLC purchased a new position in shares of Orix Corp Ads in the 4th quarter worth approximately $4,103,000. Sivia Capital Partners LLC bought a new position in shares of Orix Corp Ads during the 2nd quarter worth approximately $247,000. Finally, Capitolis Liquid Global Markets LLC bought a new position in shares of Orix Corp Ads during the 3rd quarter worth approximately $1,695,000. 1.73% of the stock is currently owned by institutional investors.

Orix Corp Ads Stock Performance

Shares of IX stock opened at $39.06 on Monday. The business has a fifty day moving average of $37.41 and a 200 day moving average of $33.43. Orix Corp Ads has a 1 year low of $22.10 and a 1 year high of $40.63. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.77 and a quick ratio of 1.73. The firm has a market capitalization of $43.36 billion, a price-to-earnings ratio of 14.63, a price-to-earnings-growth ratio of 0.83 and a beta of 0.89.

Orix Corp Ads (NYSE:IX) last posted its quarterly earnings results on Tuesday, March 31st. The real estate investment trust reported $1.64 earnings per share for the quarter. The business had revenue of $6.03 billion for the quarter. Orix Corp Ads had a return on equity of 9.93% and a net margin of 13.55%. As a group, research analysts expect that Orix Corp Ads will post 4.64 earnings per share for the current year.

Wall Street Analysts Forecast Growth

IX has been the subject of several recent analyst reports. Zacks Research upgraded shares of Orix Corp Ads from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. Wall Street Zen downgraded Orix Corp Ads from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. Finally, Weiss Ratings lowered Orix Corp Ads from a “buy (b)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

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.