Orix Corp Ads (NYSE:IX) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Orix Corp Ads (NYSE:IX) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $32.41 and traded as high as $39.65. Orix Corp Ads shares last traded at $39.3450, with a volume of 267,901 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Wall Street Zen lowered shares of Orix Corp Ads from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Orix Corp Ads in a report on Friday, May 8th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Orix Corp Ads Stock Up 1.3%

The company has a debt-to-equity ratio of 1.30, a current ratio of 1.76 and a quick ratio of 1.71. The stock has a market capitalization of $44.55 billion, a P/E ratio of 15.03, a price-to-earnings-growth ratio of 1.33 and a beta of 0.88. The firm has a 50 day moving average of $35.54 and a 200-day moving average of $32.50.

Orix Corp Ads (NYSE:IX) last posted its quarterly earnings results on Tuesday, March 31st. The real estate investment trust reported $1.64 EPS for the quarter. Orix Corp Ads had a return on equity of 9.93% and a net margin of 13.55%.The firm had revenue of $6.03 billion during the quarter. On average, equities research analysts expect that Orix Corp Ads will post 2.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of IX. Truist Financial Corp increased its holdings in Orix Corp Ads by 4.1% in the 4th quarter. Truist Financial Corp now owns 8,527 shares of the real estate investment trust’s stock valued at $249,000 after buying an additional 337 shares during the period. Corient Private Wealth LLC lifted its holdings in shares of Orix Corp Ads by 1.1% during the 4th quarter. Corient Private Wealth LLC now owns 35,114 shares of the real estate investment trust’s stock worth $1,026,000 after acquiring an additional 367 shares during the period. Net Worth Advisory Group lifted its holdings in shares of Orix Corp Ads by 3.6% during the 4th quarter. Net Worth Advisory Group now owns 11,136 shares of the real estate investment trust’s stock worth $325,000 after acquiring an additional 389 shares during the period. GAMMA Investing LLC boosted its position in shares of Orix Corp Ads by 6.8% during the 4th quarter. GAMMA Investing LLC now owns 6,701 shares of the real estate investment trust’s stock valued at $196,000 after acquiring an additional 427 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Orix Corp Ads by 2.8% during the 3rd quarter. Franklin Resources Inc. now owns 16,147 shares of the real estate investment trust’s stock valued at $422,000 after acquiring an additional 445 shares in the last quarter. 1.73% of the stock is owned by institutional investors.

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.