Orix Corp Ads (NYSE:IX) Shares Cross Above 200 Day Moving Average – What’s Next?

Shares of Orix Corp Ads (NYSE:IX) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $28.82 and traded as high as $29.71. Orix Corp Ads shares last traded at $29.3020, with a volume of 301,703 shares.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Orix Corp Ads from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Orix Corp Ads in a research report on Monday, December 29th. One equities 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 Stock Performance

The company has a market cap of $33.40 billion, a P/E ratio of 10.50, a P/E/G ratio of 0.72 and a beta of 0.71. The company has a quick ratio of 1.77, a current ratio of 1.82 and a debt-to-equity ratio of 1.29. The business has a fifty day simple moving average of $32.21 and a two-hundred day simple moving average of $28.82.

Orix Corp Ads (NYSE:IX) last released its quarterly earnings results on Monday, February 9th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.18. Orix Corp Ads had a return on equity of 10.69% and a net margin of 15.04%.The business had revenue of $5.72 billion during the quarter, compared to the consensus estimate of $4.38 billion. On average, sell-side analysts anticipate that Orix Corp Ads will post 11.31 EPS for the current year.

Institutional Trading of Orix Corp Ads

Several large investors have recently added to or reduced their stakes in IX. Truist Financial Corp increased its holdings in Orix Corp Ads by 4.1% during the fourth quarter. Truist Financial Corp now owns 8,527 shares of the real estate investment trust’s stock valued at $249,000 after buying an additional 337 shares during the last quarter. Corient Private Wealth LLC raised its position in 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 worth $1,026,000 after acquiring an additional 367 shares during the period. Net Worth Advisory Group boosted its stake in shares of Orix Corp Ads by 3.6% during the 4th quarter. Net Worth Advisory Group now owns 11,136 shares of the real estate investment trust’s stock worth $325,000 after acquiring an additional 389 shares during the last quarter. Greenleaf Trust boosted its stake in shares of Orix Corp Ads by 1.1% during the 3rd quarter. Greenleaf Trust now owns 37,437 shares of the real estate investment trust’s stock worth $978,000 after acquiring an additional 402 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Orix Corp Ads by 6.8% during the 4th quarter. GAMMA Investing LLC now owns 6,701 shares of the real estate investment trust’s stock valued at $196,000 after acquiring an additional 427 shares during the period. 1.73% of the stock is currently owned by institutional investors.

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.