Orix Corp Ads (NYSE:IX) Sets New 52-Week High – Here’s What Happened

Orix Corp Ads (NYSE:IX) shares reached a new 52-week high on Tuesday . The stock traded as high as $39.98 and last traded at $39.92, with a volume of 21714 shares. The stock had previously closed at $38.85.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on IX. Wall Street Zen cut 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 research note on Friday, May 8th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy”.

Orix Corp Ads Trading Up 2.9%

The company has a market cap of $44.38 billion, a price-to-earnings ratio of 14.97, a P/E/G ratio of 1.29 and a beta of 0.84. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.76 and a quick ratio of 1.71. The firm’s fifty day moving average price is $32.50 and its 200-day moving average price is $30.94.

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. 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 during the quarter. On average, equities analysts expect that Orix Corp Ads will post 2.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IX. Truist Financial Corp raised its stake in shares of Orix Corp Ads by 4.1% during the fourth quarter. Truist Financial Corp now owns 8,527 shares of the real estate investment trust’s stock valued at $249,000 after purchasing an additional 337 shares in the last quarter. Corient Private Wealth LLC raised its stake in shares of Orix Corp Ads by 1.1% during the fourth quarter. Corient Private Wealth LLC now owns 35,114 shares of the real estate investment trust’s stock valued at $1,026,000 after purchasing an additional 367 shares in the last quarter. Net Worth Advisory Group raised its stake in shares of Orix Corp Ads by 3.6% during the fourth quarter. Net Worth Advisory Group now owns 11,136 shares of the real estate investment trust’s stock valued at $325,000 after purchasing an additional 389 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Orix Corp Ads by 6.8% during the fourth quarter. GAMMA Investing LLC now owns 6,701 shares of the real estate investment trust’s stock valued at $196,000 after purchasing an additional 427 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Orix Corp Ads by 2.8% during the third quarter. Franklin Resources Inc. now owns 16,147 shares of the real estate investment trust’s stock valued at $422,000 after purchasing an additional 445 shares in the last quarter. 1.73% of the stock is owned by institutional investors and hedge funds.

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.