Orix Corp Ads (NYSE:IX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The brokerage currently has a $90.00 price objective on the real estate investment trust’s stock. Zacks Investment Research‘s price target indicates a potential upside of 11.79% from the company’s current price.

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. “

A number of other analysts have also issued reports on the stock. TheStreet raised shares of Orix Corp Ads from a “c+” rating to a “b” rating in a research note on Thursday, June 8th. BidaskClub lowered shares of Orix Corp Ads from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 16th.

Orix Corp Ads (IX) opened at 80.51 on Wednesday. Orix Corp Ads has a 1-year low of $68.43 and a 1-year high of $84.07. The firm has a 50-day moving average of $80.66 and a 200-day moving average of $78.50. The stock has a market cap of $20.60 billion, a PE ratio of 8.02 and a beta of 1.43.

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Hedge funds have recently modified their holdings of the stock. Parametric Portfolio Associates LLC raised its stake in shares of Orix Corp Ads by 6.0% in the second quarter. Parametric Portfolio Associates LLC now owns 349,462 shares of the real estate investment trust’s stock worth $27,234,000 after buying an additional 19,709 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Orix Corp Ads by 11.7% in the second quarter. Wells Fargo & Company MN now owns 181,164 shares of the real estate investment trust’s stock worth $14,118,000 after buying an additional 19,043 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Orix Corp Ads by 20.6% in the second quarter. Goldman Sachs Group Inc. now owns 63,244 shares of the real estate investment trust’s stock worth $4,929,000 after buying an additional 10,790 shares in the last quarter. Renaissance Group LLC increased its stake in Orix Corp Ads by 4.2% in the second quarter. Renaissance Group LLC now owns 193,063 shares of the real estate investment trust’s stock valued at $15,045,000 after buying an additional 7,827 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. increased its stake in Orix Corp Ads by 9.4% in the second quarter. Duff & Phelps Investment Management Co. now owns 87,386 shares of the real estate investment trust’s stock valued at $6,811,000 after buying an additional 7,507 shares during the last quarter. 1.86% of the stock is owned by hedge funds and other institutional investors.

Orix Corp Ads Company Profile

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