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

Orix Corp Ads (NYSE:IX) shares reached a new 52-week high on Thursday . The stock traded as high as $40.67 and last traded at $40.5850, with a volume of 145652 shares changing hands. The stock had previously closed at $40.41.

Analysts Set New Price Targets

A number of equities research analysts have weighed in 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. Zacks Research raised Orix Corp Ads from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. Finally, Weiss Ratings cut Orix Corp Ads from a “buy (b)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy”.

Orix Corp Ads Trading Up 0.4%

The stock has a market cap of $45.06 billion, a P/E ratio of 15.20, a price-to-earnings-growth ratio of 0.86 and a beta of 0.89. The stock’s 50-day moving average is $38.98 and its two-hundred day moving average is $34.40. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.77 and a quick ratio of 1.73.

Orix Corp Ads (NYSE:IX) last released its quarterly earnings data on Tuesday, March 31st. The real estate investment trust reported $1.64 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%. Equities research analysts anticipate that Orix Corp Ads will post 4.64 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. increased its position in Orix Corp Ads by 94.9% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 27,576 shares of the real estate investment trust’s stock valued at $1,049,000 after acquiring an additional 13,427 shares during the last quarter. Gradient Investments LLC lifted its holdings in shares of Orix Corp Ads by 4.9% in the 2nd quarter. Gradient Investments LLC now owns 165,151 shares of the real estate investment trust’s stock worth $6,282,000 after acquiring an additional 7,697 shares during the last quarter. 55 North Private Wealth LLC bought a new stake in shares of Orix Corp Ads in the 2nd quarter worth about $213,000. Baron Wealth Management LLC purchased a new position in shares of Orix Corp Ads during the 2nd quarter worth about $327,000. Finally, GAMMA Investing LLC boosted its stake in shares of Orix Corp Ads by 17.8% during the 2nd quarter. GAMMA Investing LLC now owns 10,439 shares of the real estate investment trust’s stock worth $397,000 after purchasing an additional 1,579 shares during the period. 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.