Sanctuary Advisors LLC Purchases New Stake in Orix Corp Ads $IX

Sanctuary Advisors LLC acquired a new position in Orix Corp Ads (NYSE:IX) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 23,337 shares of the real estate investment trust’s stock, valued at approximately $700,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IX. Atlas Capital Advisors Inc. bought a new position in shares of Orix Corp Ads in the 4th quarter valued at about $28,000. V Square Quantitative Management LLC acquired a new stake in shares of Orix Corp Ads during the 4th quarter worth approximately $34,000. Kestra Advisory Services LLC bought a new stake in shares of Orix Corp Ads during the fourth quarter worth approximately $35,000. Geneos Wealth Management Inc. lifted its holdings in Orix Corp Ads by 4,325.5% in the first quarter. Geneos Wealth Management Inc. now owns 2,080 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 2,033 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in Orix Corp Ads by 56.5% in the fourth quarter. Farther Finance Advisors LLC now owns 3,212 shares of the real estate investment trust’s stock valued at $94,000 after buying an additional 1,160 shares during the period. 1.73% of the stock is owned by institutional investors.

Orix Corp Ads Stock Performance

Shares of IX stock opened at $40.28 on Monday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.77 and a quick ratio of 1.73. The stock has a market cap of $44.72 billion, a PE ratio of 15.09, a price-to-earnings-growth ratio of 0.86 and a beta of 0.89. The stock has a 50-day moving average of $39.12 and a 200-day moving average of $34.54. Orix Corp Ads has a one year low of $22.33 and a one year high of $40.67.

Orix Corp Ads (NYSE:IX) last announced its quarterly earnings results on Tuesday, March 31st. The real estate investment trust reported $1.64 earnings per share for the quarter. Orix Corp Ads had a net margin of 13.55% and a return on equity of 9.93%. The business had revenue of $6.03 billion for the quarter. As a group, sell-side analysts expect that Orix Corp Ads will post 4.64 earnings per share for the current year.

Wall Street Analysts Forecast Growth

IX has been the topic of a number of recent research reports. Wall Street Zen cut shares of Orix Corp Ads from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. Weiss Ratings cut shares of Orix Corp Ads from a “buy (b)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Finally, Zacks Research raised Orix Corp Ads from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Orix Corp Ads has an average rating of “Buy”.

Orix Corp Ads 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.