Investment Research Partners LLC Takes $575,000 Position in Orix Corp Ads $IX

Investment Research Partners LLC acquired a new position in Orix Corp Ads (NYSE:IX) during the third quarter, HoldingsChannel.com reports. The fund acquired 23,656 shares of the real estate investment trust’s stock, valued at approximately $575,000.

Several other large investors have also recently modified their holdings of IX. Soundwatch Capital LLC purchased a new stake in Orix Corp Ads during the second quarter valued at approximately $25,000. AlphaCore Capital LLC purchased a new position in Orix Corp Ads in the second quarter worth $27,000. Global Retirement Partners LLC grew its holdings in Orix Corp Ads by 58.2% in the third quarter. Global Retirement Partners LLC now owns 1,444 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 531 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of 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 purchasing an additional 2,033 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Orix Corp Ads by 217.4% during the third quarter. Russell Investments Group Ltd. now owns 4,497 shares of the real estate investment trust’s stock worth $117,000 after purchasing an additional 3,080 shares in the last quarter. Institutional investors own 1.73% of the company’s stock.

Orix Corp Ads Trading Down 1.2%

Shares of Orix Corp Ads stock opened at $30.20 on Thursday. The company has a current ratio of 1.82, a quick ratio of 1.77 and a debt-to-equity ratio of 1.29. Orix Corp Ads has a 12-month low of $17.75 and a 12-month high of $37.04. The firm has a market capitalization of $34.41 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 0.74 and a beta of 0.71. The firm’s 50 day simple moving average is $32.31 and its two-hundred day simple moving average is $28.67.

Orix Corp Ads (NYSE:IX) last posted its quarterly earnings results on Monday, February 9th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.18. Orix Corp Ads had a net margin of 15.04% and a return on equity of 10.69%. The business had revenue of $4.78 billion during the quarter, compared to analysts’ expectations of $4.38 billion. Analysts predict that Orix Corp Ads will post 11.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on IX. Wall Street Zen cut Orix Corp Ads from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Orix Corp Ads in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy”.

About Orix Corp Ads

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.