Tred Avon Family Wealth LLC Takes $783,000 Position in Orix Corp Ads $IX

Tred Avon Family Wealth LLC purchased a new position in shares of Orix Corp Ads (NYSE:IX) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 29,985 shares of the real estate investment trust’s stock, valued at approximately $783,000.

A number of other institutional investors have also recently bought and sold shares of IX. Bank of America Corp DE increased its holdings in shares of Orix Corp Ads by 4.4% during the second quarter. Bank of America Corp DE now owns 2,353,948 shares of the real estate investment trust’s stock worth $53,011,000 after purchasing an additional 99,516 shares during the period. American Century Companies Inc. grew its position in Orix Corp Ads by 16.3% during the second quarter. American Century Companies Inc. now owns 543,509 shares of the real estate investment trust’s stock worth $12,240,000 after buying an additional 76,144 shares in the last quarter. Quantinno Capital Management LP grew its position in Orix Corp Ads by 88.2% during the second quarter. Quantinno Capital Management LP now owns 481,327 shares of the real estate investment trust’s stock worth $10,839,000 after buying an additional 225,580 shares in the last quarter. Eagle Global Advisors LLC increased its stake in Orix Corp Ads by 0.6% during the 3rd quarter. Eagle Global Advisors LLC now owns 314,910 shares of the real estate investment trust’s stock worth $8,225,000 after acquiring an additional 1,745 shares during the period. Finally, QRG Capital Management Inc. raised its holdings in Orix Corp Ads by 1.3% in the 2nd quarter. QRG Capital Management Inc. now owns 250,177 shares of the real estate investment trust’s stock valued at $5,634,000 after acquiring an additional 3,092 shares in the last quarter. Institutional investors own 1.73% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Orix Corp Ads in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Orix Corp Ads presently has a consensus rating of “Buy”.

Orix Corp Ads Stock Up 0.5%

NYSE IX opened at $30.68 on Friday. The business has a fifty day moving average price of $28.26 and a two-hundred day moving average price of $26.05. The stock has a market capitalization of $34.97 billion, a PE ratio of 11.75, a PEG ratio of 0.94 and a beta of 0.73. Orix Corp Ads has a fifty-two week low of $17.75 and a fifty-two week high of $30.82. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.81 and a quick ratio of 1.77.

Orix Corp Ads (NYSE:IX) last issued its quarterly earnings results on Wednesday, November 12th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.42. Orix Corp Ads had a return on equity of 10.30% and a net margin of 14.53%.The company had revenue of $5.73 billion for the quarter, compared to analyst estimates of $4.87 billion. Equities analysts expect that Orix Corp Ads will post 11.31 earnings per share for the current fiscal year.

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.