Orix Corp Ads (NYSE:IX) Sets New 12-Month High – Time to Buy?

Orix Corp Ads (NYSE:IX)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $40.06 and last traded at $40.0780, with a volume of 81675 shares changing hands. The stock had previously closed at $39.37.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on IX shares. Wall Street Zen lowered shares of Orix Corp Ads from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Orix Corp Ads in a research note 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 Stock Performance

The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.71 and a current ratio of 1.76. The firm’s 50 day moving average is $35.35 and its 200-day moving average is $32.41. The firm has a market cap of $44.46 billion, a price-to-earnings ratio of 15.00, a price-to-earnings-growth ratio of 1.28 and a beta of 0.88.

Orix Corp Ads (NYSE:IX) last released its quarterly earnings data on Tuesday, March 31st. The real estate investment trust reported $1.64 earnings per share (EPS) for the quarter. The business 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%. Sell-side analysts anticipate that Orix Corp Ads will post 2.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of IX. Quantinno Capital Management LP boosted its position in Orix Corp Ads by 88.2% in the second quarter. Quantinno Capital Management LP now owns 481,327 shares of the real estate investment trust’s stock valued at $10,839,000 after buying an additional 225,580 shares in the last quarter. Millennium Management LLC increased its holdings in Orix Corp Ads by 3,021.1% during the 1st quarter. Millennium Management LLC now owns 203,967 shares of the real estate investment trust’s stock valued at $4,261,000 after purchasing an additional 197,432 shares in the last quarter. Calamos Advisors LLC acquired a new stake in Orix Corp Ads during the 1st quarter valued at $4,899,000. Calamos Wealth Management LLC acquired a new stake in Orix Corp Ads during the 4th quarter valued at $4,103,000. Finally, Renaissance Technologies LLC acquired a new stake in Orix Corp Ads during the 1st quarter valued at $3,287,000. Institutional investors 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.