Hennion & Walsh Asset Management Inc. Raises Holdings in Orix Corp Ads $IX

Hennion & Walsh Asset Management Inc. boosted its position in Orix Corp Ads (NYSE:IX) by 94.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,576 shares of the real estate investment trust’s stock after purchasing an additional 13,427 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Orix Corp Ads were worth $1,049,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IX. Gradient Investments LLC grew its holdings in shares of Orix Corp Ads by 4.9% during the second quarter. Gradient Investments LLC now owns 165,151 shares of the real estate investment trust’s stock worth $6,282,000 after buying an additional 7,697 shares in the last quarter. 55 North Private Wealth LLC acquired a new stake in shares of Orix Corp Ads in the second quarter valued at about $213,000. Baron Wealth Management LLC purchased a new position in shares of Orix Corp Ads in the second quarter worth about $327,000. GAMMA Investing LLC lifted its stake in shares of Orix Corp Ads by 17.8% in the second quarter. GAMMA Investing LLC now owns 10,439 shares of the real estate investment trust’s stock worth $397,000 after buying an additional 1,579 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in Orix Corp Ads by 11.3% during the first quarter. Parallel Advisors LLC now owns 10,272 shares of the real estate investment trust’s stock worth $308,000 after acquiring an additional 1,040 shares during the last quarter. Hedge funds and other institutional investors own 1.73% of the company’s stock.

Orix Corp Ads Stock Down 0.4%

Shares of IX opened at $40.43 on Friday. Orix Corp Ads has a 52-week low of $24.19 and a 52-week high of $42.39. The company has a quick ratio of 2.07, a current ratio of 2.15 and a debt-to-equity ratio of 1.20. The stock has a fifty day simple moving average of $39.52 and a two-hundred day simple moving average of $35.52. The company has a market capitalization of $44.88 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 0.74 and a beta of 0.88.

Orix Corp Ads (NYSE:IX) last announced its quarterly earnings results on Tuesday, June 30th. The real estate investment trust reported $1.57 earnings per share for the quarter. Orix Corp Ads had a net margin of 18.02% and a return on equity of 13.11%. The firm had revenue of $7.06 billion for the quarter. As a group, equities analysts forecast that Orix Corp Ads will post 5.52 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Wall Street Zen cut shares of Orix Corp Ads from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. Weiss Ratings raised shares of Orix Corp Ads from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 29th. Finally, Zacks Research cut Orix Corp Ads from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Orix Corp Ads presently has a consensus rating of “Hold”.

Orix Corp Ads 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.