Orix Corp Ads (NYSE:IX) Reaches New 12-Month High – Should You Buy?

Shares of Orix Corp Ads (NYSE:IX) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $40.63 and last traded at $40.3880, with a volume of 237682 shares traded. The stock had previously closed at $40.15.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Orix Corp Ads in a research report on Friday, May 8th. Wall Street Zen cut Orix Corp Ads from a “buy” rating to a “hold” rating in a report on Sunday, June 7th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Orix Corp Ads Stock Up 0.6%

The company has a market capitalization of $44.84 billion, a P/E ratio of 15.13, a PEG ratio of 1.34 and a beta of 0.88. The firm’s 50 day moving average price is $36.11 and its two-hundred day moving average price is $32.77. The company has a current ratio of 1.76, a quick ratio of 1.71 and a debt-to-equity ratio of 1.30.

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

Institutional Investors Weigh In On Orix Corp Ads

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC boosted its stake in shares of Orix Corp Ads by 11.3% during the 1st quarter. Parallel Advisors LLC now owns 10,272 shares of the real estate investment trust’s stock worth $308,000 after buying an additional 1,040 shares during the last quarter. Glenmede Trust Co. NA increased its position in shares of Orix Corp Ads by 8.5% in the first quarter. Glenmede Trust Co. NA now owns 19,761 shares of the real estate investment trust’s stock valued at $593,000 after acquiring an additional 1,551 shares during the last quarter. Bank of America Corp DE increased its position in shares of Orix Corp Ads by 0.9% in the first quarter. Bank of America Corp DE now owns 2,893,892 shares of the real estate investment trust’s stock valued at $86,788,000 after acquiring an additional 25,662 shares during the last quarter. Royal Bank of Canada increased its position in shares of Orix Corp Ads by 116.2% in the first quarter. Royal Bank of Canada now owns 88,450 shares of the real estate investment trust’s stock valued at $2,652,000 after acquiring an additional 47,544 shares during the last quarter. Finally, Quantinno Capital Management LP raised its holdings in Orix Corp Ads by 16.3% during the first quarter. Quantinno Capital Management LP now owns 924,415 shares of the real estate investment trust’s stock worth $27,723,000 after acquiring an additional 129,739 shares in the last quarter. 1.73% of the stock is owned by institutional investors.

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.