QRG Capital Management Inc. Grows Stake in Orix Corp Ads $IX

QRG Capital Management Inc. boosted its stake in shares of Orix Corp Ads (NYSE:IX) by 22.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 153,303 shares of the real estate investment trust’s stock after acquiring an additional 28,594 shares during the quarter. QRG Capital Management Inc.’s holdings in Orix Corp Ads were worth $4,598,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. HB Wealth Management LLC boosted its holdings in shares of Orix Corp Ads by 13.6% in the 1st quarter. HB Wealth Management LLC now owns 14,949 shares of the real estate investment trust’s stock worth $448,000 after purchasing an additional 1,786 shares during the period. Elevation Point Wealth Partners LLC raised its holdings in Orix Corp Ads by 20.3% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 8,457 shares of the real estate investment trust’s stock valued at $254,000 after buying an additional 1,428 shares during the period. Keybank National Association OH bought a new stake in Orix Corp Ads in the first quarter worth $257,000. Janney Montgomery Scott LLC purchased a new position in Orix Corp Ads during the first quarter worth $343,000. Finally, Venturi Wealth Management LLC boosted its stake in Orix Corp Ads by 4.8% during the first quarter. Venturi Wealth Management LLC now owns 20,275 shares of the real estate investment trust’s stock worth $608,000 after buying an additional 928 shares during the period. 1.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

IX has been the topic of several recent analyst reports. Zacks Research raised shares of Orix Corp Ads from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. Weiss Ratings cut shares of Orix Corp Ads from a “buy (b)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Finally, Wall Street Zen downgraded shares of Orix Corp Ads from a “buy” rating to a “hold” rating in a report on Sunday, June 7th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Orix Corp Ads Stock Performance

Shares of NYSE:IX opened at $39.06 on Monday. The firm’s 50 day simple moving average is $37.41 and its 200-day simple moving average is $33.43. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.73 and a current ratio of 1.77. Orix Corp Ads has a one year low of $22.10 and a one year high of $40.63. The firm has a market cap of $43.36 billion, a PE ratio of 14.63, a price-to-earnings-growth ratio of 0.83 and a beta of 0.89.

Orix Corp Ads (NYSE:IX) last announced 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 firm had revenue of $6.03 billion during the quarter. As a group, equities analysts predict that Orix Corp Ads will post 4.64 EPS for the current year.

Orix Corp Ads 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.