Zacks Investment Research cut shares of ORIX (NYSE:IX) from a hold rating to a sell rating in a report issued on Wednesday.

According to Zacks, “ORIX CORP-ADR is a diversified financial services institution with diverse operations in both corporate and retail finance, including: leasing, lending, rentals, life insurance, real estate financing and development, venture capital, investment and retail banking, commodities funds and securities brokerage. Their international operations include leasing, rentals, fixed income investment, aircraft and ship financing, commercial mortgage servicing and property development. “

IX stock opened at $77.36 on Wednesday. The company has a quick ratio of 1.48, a current ratio of 1.51 and a debt-to-equity ratio of 1.32. The company has a market cap of $19.99 billion, a P/E ratio of 70.33, a P/E/G ratio of 0.97 and a beta of 1.17. ORIX has a 52 week low of $75.67 and a 52 week high of $100.03.

Hedge funds have recently bought and sold shares of the stock. Northern Trust Corp boosted its holdings in shares of ORIX by 5.2% during the second quarter. Northern Trust Corp now owns 281,901 shares of the real estate investment trust’s stock worth $22,274,000 after purchasing an additional 13,839 shares during the period. Citadel Advisors LLC bought a new position in ORIX during the second quarter valued at approximately $590,000. Morgan Stanley raised its position in ORIX by 2.6% during the second quarter. Morgan Stanley now owns 470,416 shares of the real estate investment trust’s stock valued at $37,168,000 after acquiring an additional 11,846 shares in the last quarter. Synovus Financial Corp raised its position in ORIX by 6.9% during the third quarter. Synovus Financial Corp now owns 20,108 shares of the real estate investment trust’s stock valued at $1,633,000 after acquiring an additional 1,304 shares in the last quarter. Finally, Scout Investments Inc. raised its position in ORIX by 1.6% during the third quarter. Scout Investments Inc. now owns 44,918 shares of the real estate investment trust’s stock valued at $3,640,000 after acquiring an additional 698 shares in the last quarter. Institutional investors and hedge funds own 1.94% of the company’s stock.

ORIX Company Profile

ORIX Corporation provides diversified financial services primarily in Japan and the Americas. It operates through six segments: Corporate Financial Services, Maintenance Leasing, Real Estate, Investment and Operation, Retail, and Overseas Business. The Corporate Financial Services segment engages in lending, leasing, and fee businesses.

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