Sanctuary Advisors LLC Takes $700,000 Position in Orix Corp Ads $IX

Sanctuary Advisors LLC bought a new position in Orix Corp Ads (NYSE:IX) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 23,337 shares of the real estate investment trust’s stock, valued at approximately $700,000.

A number of other hedge funds have also made changes to their positions in IX. Calamos Wealth Management LLC lifted its holdings in Orix Corp Ads by 16.3% during the 1st quarter. Calamos Wealth Management LLC now owns 163,340 shares of the real estate investment trust’s stock valued at $4,899,000 after purchasing an additional 22,938 shares during the last quarter. Calamos Advisors LLC acquired a new stake in shares of Orix Corp Ads during the first quarter worth approximately $4,899,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of Orix Corp Ads by 14.3% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 15,295 shares of the real estate investment trust’s stock worth $459,000 after buying an additional 1,912 shares in the last quarter. Ferguson Wellman Capital Management Inc. bought a new position in shares of Orix Corp Ads in the first quarter valued at approximately $839,000. Finally, Sequoia Financial Advisors LLC raised its stake in shares of Orix Corp Ads by 2.6% in the first quarter. Sequoia Financial Advisors LLC now owns 25,987 shares of the real estate investment trust’s stock valued at $779,000 after acquiring an additional 657 shares during the last quarter. Institutional investors and hedge funds own 1.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on IX shares. Weiss Ratings lowered Orix Corp Ads from a “buy (b)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Zacks Research upgraded Orix Corp Ads from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Finally, Wall Street Zen lowered Orix Corp Ads from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Orix Corp Ads has an average rating of “Buy”.

Orix Corp Ads Trading Down 0.1%

Shares of NYSE IX opened at $40.28 on Monday. Orix Corp Ads has a 1-year low of $22.33 and a 1-year high of $40.67. The company has a market cap of $44.72 billion, a PE ratio of 15.09, a P/E/G ratio of 0.86 and a beta of 0.89. The company has a current ratio of 1.77, a quick ratio of 1.73 and a debt-to-equity ratio of 1.30. The company has a 50-day moving average of $39.12 and a two-hundred day moving average of $34.54.

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

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.