Orix Corp Ads (NYSE:IX) Sees Strong Trading Volume – Should You Buy?

Shares of Orix Corp Ads (NYSE:IX) saw unusually-high trading volume on Friday . Approximately 316,714 shares traded hands during mid-day trading, a decline of 11% from the previous session’s volume of 356,960 shares.The stock last traded at $29.6050 and had previously closed at $30.03.

Wall Street Analysts Forecast Growth

Several research firms recently commented on IX. Wall Street Zen cut shares of Orix Corp Ads from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Weiss Ratings restated a “buy (b-)” rating on shares of Orix Corp Ads in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Orix Corp Ads currently has an average rating of “Buy”.

Orix Corp Ads Trading Down 1.2%

The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.77 and a current ratio of 1.82. The business’s 50 day moving average price is $32.31 and its 200-day moving average price is $28.68. The company has a market cap of $33.81 billion, a price-to-earnings ratio of 10.61, a PEG ratio of 0.73 and a beta of 0.71.

Orix Corp Ads (NYSE:IX) last posted its quarterly earnings results on Monday, February 9th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.18. The firm had revenue of $4.78 billion during the quarter, compared to analyst estimates of $4.38 billion. Orix Corp Ads had a net margin of 15.04% and a return on equity of 10.69%. On average, research analysts forecast that Orix Corp Ads will post 11.31 EPS for the current year.

Institutional Trading of Orix Corp Ads

Several hedge funds have recently modified their holdings of the company. Caprock Group LLC bought a new stake in Orix Corp Ads during the 3rd quarter worth approximately $659,000. Todd Asset Management LLC grew its holdings in shares of Orix Corp Ads by 6.1% during the third quarter. Todd Asset Management LLC now owns 1,847,014 shares of the real estate investment trust’s stock worth $48,244,000 after purchasing an additional 105,837 shares during the last quarter. CWM LLC raised its holdings in shares of Orix Corp Ads by 121.9% in the third quarter. CWM LLC now owns 93,913 shares of the real estate investment trust’s stock valued at $2,453,000 after buying an additional 51,595 shares during the last quarter. AlphaCore Capital LLC lifted its position in Orix Corp Ads by 6,402.7% during the 3rd quarter. AlphaCore Capital LLC now owns 77,707 shares of the real estate investment trust’s stock worth $2,030,000 after buying an additional 76,512 shares in the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in Orix Corp Ads during the 2nd quarter worth about $247,000. Institutional investors and hedge funds own 1.73% of the company’s stock.

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.