Orix Corp Ads (NYSE:IX) Sees Unusually-High Trading Volume – Should You Buy?

Orix Corp Ads (NYSE:IXGet Free Report) shares saw strong trading volume on Thursday . 190,822 shares traded hands during trading, a decline of 42% from the previous session’s volume of 328,829 shares.The stock last traded at $37.5050 and had previously closed at $37.51.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Weiss Ratings raised shares of Orix Corp Ads from a “hold (c+)” rating to a “buy (b)” rating in a research note on Wednesday, August 12th. Zacks Research cut shares of Orix Corp Ads from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Finally, Wall Street Zen downgraded shares of Orix Corp Ads from a “buy” rating to a “hold” rating in a report on Sunday, June 7th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Orix Corp Ads presently has a consensus rating of “Moderate Buy”.

Check Out Our Latest Analysis on IX

Orix Corp Ads Trading Up 0.1%

The firm has a market capitalization of $41.68 billion, a PE ratio of 10.37, a P/E/G ratio of 0.71 and a beta of 0.88. The business has a 50 day moving average price of $39.58 and a 200-day moving average price of $35.76. The company has a current ratio of 2.15, a quick ratio of 2.07 and a debt-to-equity ratio of 1.20.

Orix Corp Ads (NYSE:IXGet Free Report) last posted its quarterly earnings results on Tuesday, June 30th. The real estate investment trust reported $1.57 EPS for the quarter. Orix Corp Ads had a return on equity of 13.11% and a net margin of 18.02%.The business had revenue of $7.06 billion during the quarter. Analysts expect that Orix Corp Ads will post 5.52 earnings per share for the current year.

Institutional Investors Weigh In On Orix Corp Ads

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Truist Financial Corp grew its stake in shares of Orix Corp Ads by 4.1% during the 4th quarter. Truist Financial Corp now owns 8,527 shares of the real estate investment trust’s stock worth $249,000 after purchasing an additional 337 shares during the period. Corient Private Wealth LLC grew its holdings in shares of Orix Corp Ads by 1.1% during the fourth quarter. Corient Private Wealth LLC now owns 35,114 shares of the real estate investment trust’s stock worth $1,026,000 after buying an additional 367 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Orix Corp Ads by 2.8% in the third quarter. Franklin Resources Inc. now owns 16,147 shares of the real estate investment trust’s stock valued at $422,000 after buying an additional 445 shares during the last quarter. Raymond James Financial Inc. lifted its stake in shares of Orix Corp Ads by 2.7% during the second quarter. Raymond James Financial Inc. now owns 17,157 shares of the real estate investment trust’s stock valued at $386,000 after buying an additional 457 shares during the period. Finally, V Square Quantitative Management LLC lifted its stake in shares of Orix Corp Ads by 40.7% during the first quarter. V Square Quantitative Management LLC now owns 1,617 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 468 shares during the period. Institutional investors and hedge funds own 1.73% of the company’s stock.

Orix Corp Ads Company Profile

(Get Free Report)

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.

Further Reading

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