Orix Corp Ads (NYSE:IX) Reaches New 52-Week High – Here’s Why

Orix Corp Ads (NYSE:IX) hit a new 52-week high on Thursday . The stock traded as high as $40.67 and last traded at $40.5850, with a volume of 145652 shares changing hands. The stock had previously closed at $40.41.

Wall Street Analyst Weigh In

IX has been the subject of a number of analyst reports. Zacks Research raised shares of Orix Corp Ads from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. Weiss Ratings downgraded Orix Corp Ads from a “buy (b)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Finally, Wall Street Zen lowered Orix Corp Ads from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy”.

Orix Corp Ads Trading Up 0.4%

The company has a fifty day simple moving average of $39.12 and a two-hundred day simple moving average of $34.51. The company has a quick ratio of 1.73, a current ratio of 1.77 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $44.72 billion, a P/E ratio of 15.09, a price-to-earnings-growth ratio of 0.85 and a beta of 0.89.

Orix Corp Ads (NYSE:IX) last announced its quarterly earnings results 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 during the quarter. Orix Corp Ads had a return on equity of 9.93% and a net margin of 13.55%. On average, sell-side analysts expect that Orix Corp Ads will post 4.64 earnings per share for the current year.

Institutional Trading of Orix Corp Ads

Large investors have recently bought and sold shares of the business. Atlas Capital Advisors Inc. bought a new position in Orix Corp Ads in the fourth quarter valued at approximately $28,000. V Square Quantitative Management LLC bought a new stake in shares of Orix Corp Ads during the fourth quarter worth $34,000. Kestra Advisory Services LLC bought a new stake in shares of Orix Corp Ads during the fourth quarter worth $35,000. Geneos Wealth Management Inc. raised its holdings 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 acquiring an additional 2,033 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in shares of Orix Corp Ads by 56.5% during the fourth quarter. Farther Finance Advisors LLC now owns 3,212 shares of the real estate investment trust’s stock worth $94,000 after acquiring an additional 1,160 shares during the period. 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.