Orix Corp Ads (NYSE:IX – Get Free Report) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.
IX has been the topic of a number of other research reports. Weiss Ratings lowered shares of Orix Corp Ads from a “buy (b)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. Wall Street Zen lowered shares of Orix Corp Ads from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Orix Corp Ads presently has an average rating of “Hold”.
Orix Corp Ads Stock Down 2.7%
Orix Corp Ads (NYSE:IX – Get Free Report) 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 net margin of 13.55% and a return on equity of 9.93%. The firm had revenue of $6.03 billion for the quarter. On average, equities analysts predict that Orix Corp Ads will post 4.59 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Atlas Capital Advisors Inc. bought a new position in shares of Orix Corp Ads in the fourth quarter worth approximately $28,000. V Square Quantitative Management LLC bought a new stake in Orix Corp Ads during the fourth quarter valued at approximately $34,000. Kestra Advisory Services LLC bought a new stake in Orix Corp Ads during the fourth quarter valued at approximately $35,000. Geneos Wealth Management Inc. grew its stake in Orix Corp Ads by 4,325.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,080 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 2,033 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in Orix Corp Ads by 56.5% in the 4th quarter. Farther Finance Advisors LLC now owns 3,212 shares of the real estate investment trust’s stock worth $94,000 after buying an additional 1,160 shares in the last quarter. Hedge funds and other institutional investors own 1.73% of the company’s stock.
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.
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