Lester Murray Antman dba SimplyRich Purchases 17,040 Shares of Orix Corp Ads $IX

Lester Murray Antman dba SimplyRich boosted its position in shares of Orix Corp Ads (NYSE:IX) by 36.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,321 shares of the real estate investment trust’s stock after buying an additional 17,040 shares during the period. Lester Murray Antman dba SimplyRich’s holdings in Orix Corp Ads were worth $1,850,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in Orix Corp Ads during the fourth quarter valued at approximately $34,000. Global Retirement Partners LLC boosted its stake in Orix Corp Ads by 58.2% during the third quarter. Global Retirement Partners LLC now owns 1,444 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 531 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Orix Corp Ads by 4,325.5% during the first quarter. Geneos Wealth Management Inc. now owns 2,080 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 2,033 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Orix Corp Ads by 8,083.8% during the first quarter. Jones Financial Companies Lllp now owns 5,565 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 5,497 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of Orix Corp Ads by 217.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,497 shares of the real estate investment trust’s stock valued at $117,000 after purchasing an additional 3,080 shares during the last quarter. 1.73% of the stock is owned by institutional investors.

Orix Corp Ads Price Performance

Shares of IX stock opened at $31.76 on Wednesday. Orix Corp Ads has a 52-week low of $18.99 and a 52-week high of $37.04. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.77 and a current ratio of 1.82. The firm has a market capitalization of $35.26 billion, a P/E ratio of 11.38, a P/E/G ratio of 0.71 and a beta of 0.79. The stock has a 50 day moving average price of $32.22 and a 200 day moving average price of $29.16.

Orix Corp Ads (NYSE:IX) last issued its quarterly earnings results on Monday, February 9th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $5.72 billion during the quarter, compared to analyst estimates of $4.38 billion. As a group, sell-side analysts predict that Orix Corp Ads will post 11.31 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on IX. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Orix Corp Ads in a research note on Monday, December 29th. Wall Street Zen lowered Orix Corp Ads from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Orix Corp Ads has a consensus rating of “Buy”.

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.