Orix Corp Ads (NYSE:IX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Friday. The firm presently has a $90.00 target price on the real estate investment trust’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 12.29% from the company’s previous close.

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. “

Several other equities analysts also recently commented on IX. TheStreet upgraded Orix Corp Ads from a “c+” rating to a “b” rating in a research report on Thursday, June 8th. BidaskClub downgraded Orix Corp Ads from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 16th.

Shares of Orix Corp Ads (IX) traded down 0.30% on Friday, reaching $80.15. The company had a trading volume of 27,779 shares. The company’s 50-day moving average is $81.03 and its 200 day moving average is $78.65. Orix Corp Ads has a 12 month low of $68.43 and a 12 month high of $84.07. The firm has a market capitalization of $20.50 billion, a PE ratio of 7.94 and a beta of 1.45.

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Several institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its position in shares of Orix Corp Ads by 20.6% during the 2nd 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 during the period. Stifel Financial Corp lifted its position in shares of Orix Corp Ads by 0.5% during the 2nd quarter. Stifel Financial Corp now owns 19,543 shares of the real estate investment trust’s stock worth $1,520,000 after buying an additional 94 shares during the period. Parametric Portfolio Associates LLC lifted its position in shares of Orix Corp Ads by 6.0% during the 2nd 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 during the period. M&T Bank Corp lifted its position in shares of Orix Corp Ads by 12.8% during the 2nd quarter. M&T Bank Corp now owns 5,648 shares of the real estate investment trust’s stock worth $440,000 after buying an additional 639 shares during the period. Finally, ETRADE Capital Management LLC lifted its position in shares of Orix Corp Ads by 5.7% during the 2nd quarter. ETRADE Capital Management LLC now owns 5,407 shares of the real estate investment trust’s stock worth $421,000 after buying an additional 290 shares during the period. Institutional investors and hedge funds own 1.86% of the company’s stock.

About Orix Corp Ads

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