BTC Capital Management Inc. Has $1.57 Million Stake in Orix Corp Ads $IX

BTC Capital Management Inc. decreased its holdings in Orix Corp Ads (NYSE:IX) by 38.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 52,285 shares of the real estate investment trust’s stock after selling 32,531 shares during the quarter. BTC Capital Management Inc.’s holdings in Orix Corp Ads were worth $1,568,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Rockefeller Capital Management L.P. grew its holdings in shares of Orix Corp Ads by 63.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 5,548 shares of the real estate investment trust’s stock worth $162,000 after purchasing an additional 2,155 shares during the last quarter. Corient Private Wealth LLC raised its holdings in shares of Orix Corp Ads by 1.1% in 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 buying an additional 367 shares during the last quarter. DGS Capital Management LLC raised its holdings in shares of Orix Corp Ads by 2.4% in the fourth quarter. DGS Capital Management LLC now owns 55,225 shares of the real estate investment trust’s stock valued at $1,614,000 after buying an additional 1,291 shares during the last quarter. SG Trading Solutions LLC acquired a new position in Orix Corp Ads during the 4th quarter worth about $577,000. Finally, Compound Planning Inc. lifted its position in Orix Corp Ads by 11.1% during the 4th quarter. Compound Planning Inc. now owns 18,756 shares of the real estate investment trust’s stock worth $548,000 after buying an additional 1,867 shares in the last quarter. Institutional investors and hedge funds own 1.73% of the company’s stock.

Orix Corp Ads Stock Down 2.1%

NYSE IX opened at $38.37 on Thursday. The stock has a market capitalization of $42.59 billion, a P/E ratio of 14.37, a price-to-earnings-growth ratio of 1.31 and a beta of 0.88. Orix Corp Ads has a 52 week low of $21.28 and a 52 week high of $40.63. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.71 and a current ratio of 1.77. The stock has a fifty day moving average of $36.43 and a 200-day moving average of $32.93.

Orix Corp Ads (NYSE:IX) last issued 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 return on equity of 9.93% and a net margin of 13.55%.The business had revenue of $6.03 billion for the quarter. On average, equities research analysts forecast that Orix Corp Ads will post 2.96 EPS for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on IX. Wall Street Zen cut shares of Orix Corp Ads from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. Weiss Ratings lowered shares of Orix Corp Ads from a “buy (b)” rating to a “hold (c)” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Orix Corp Ads presently has an average rating of “Hold”.

Orix Corp Ads Company Profile

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.