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

Orix Corp Ads (NYSE:IX) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $29.76 and last traded at $29.80, with a volume of 156641 shares changing hands. The stock had previously closed at $29.49.

Analyst Upgrades and Downgrades

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

Orix Corp Ads Price Performance

The firm has a market cap of $34.12 billion, a price-to-earnings ratio of 11.45, a P/E/G ratio of 0.90 and a beta of 0.73. The business’s 50-day moving average price is $27.13 and its two-hundred day moving average price is $25.48. 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 announced its quarterly earnings data on Wednesday, November 12th. The real estate investment trust reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.42. The company had revenue of $5.73 billion during the quarter, compared to analyst estimates of $4.87 billion. Orix Corp Ads had a net margin of 14.53% and a return on equity of 10.30%. On average, research analysts forecast that Orix Corp Ads will post 11.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Soundwatch Capital LLC acquired a new stake in shares of Orix Corp Ads during the 2nd quarter valued at approximately $25,000. AlphaCore Capital LLC bought a new position in shares of Orix Corp Ads in the 2nd quarter worth about $27,000. Addison Advisors LLC boosted its holdings in shares of Orix Corp Ads by 480.0% in the 2nd quarter. Addison Advisors LLC now owns 1,537 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 1,272 shares during the period. Global Retirement Partners LLC grew its position in shares of Orix Corp Ads by 58.2% during the 3rd quarter. Global Retirement Partners LLC now owns 1,444 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 531 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in Orix Corp Ads by 4,325.5% during the first quarter. Geneos Wealth Management Inc. now owns 2,080 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 2,033 shares during the period. 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.