Orix Corp Ads (NYSE:IX) Lowered to Hold Rating by Wall Street Zen

Orix Corp Ads (NYSE:IX) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Sunday.

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Orix Corp Ads in a report on Friday, May 8th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Orix Corp Ads presently has an average rating of “Buy”.

Orix Corp Ads Price Performance

Shares of IX opened at $37.88 on Friday. Orix Corp Ads has a twelve month low of $21.14 and a twelve month high of $40.00. The firm’s fifty day simple moving average is $34.10 and its 200-day simple moving average is $31.75. The firm has a market capitalization of $42.05 billion, a price-to-earnings ratio of 14.19, a PEG ratio of 1.27 and a beta of 0.88. The company has a current ratio of 1.76, a quick ratio of 1.71 and a debt-to-equity ratio of 1.30.

Orix Corp Ads (NYSE:IX) last issued its earnings results on Tuesday, March 31st. The real estate investment trust reported $1.64 EPS for the quarter. The firm had revenue of $6.03 billion during the quarter. Orix Corp Ads had a net margin of 13.55% and a return on equity of 9.93%. Equities analysts forecast that Orix Corp Ads will post 2.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Caprock Group LLC acquired a new position in Orix Corp Ads in the third quarter valued at $659,000. Todd Asset Management LLC increased its position 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 in the last quarter. CTC Alternative Strategies Ltd. purchased a new stake in shares of Orix Corp Ads in the 3rd quarter valued at about $895,000. AlphaCore Capital LLC lifted its holdings in shares of Orix Corp Ads by 6,402.7% in the 3rd quarter. AlphaCore Capital LLC now owns 77,707 shares of the real estate investment trust’s stock valued at $2,030,000 after purchasing an additional 76,512 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its position in shares of Orix Corp Ads by 8.3% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 1,147,000 shares of the real estate investment trust’s stock valued at $29,960,000 after purchasing an additional 88,100 shares during the period. Institutional investors and hedge funds own 1.73% of the company’s stock.

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.