Orix Corp Ads (NYSE:IX) Downgraded by Zacks Research to Hold

Zacks Research downgraded shares of Orix Corp Ads (NYSE:IX) from a strong-buy rating to a hold rating in a research report report published on Monday morning,Zacks.com reports.

IX has been the subject of several other reports. Wall Street Zen lowered shares of Orix Corp Ads from a “buy” rating to a “hold” rating in a report on Sunday, June 7th. Weiss Ratings downgraded shares of Orix Corp Ads from a “buy (b)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Orix Corp Ads Stock Down 2.7%

Orix Corp Ads stock opened at $39.15 on Monday. The firm has a market cap of $43.47 billion, a price-to-earnings ratio of 14.66, a price-to-earnings-growth ratio of 0.87 and a beta of 0.89. Orix Corp Ads has a 52 week low of $22.33 and a 52 week high of $41.00. The business’s 50-day moving average price is $39.22 and its 200 day moving average price is $34.68. The company has a quick ratio of 1.73, a current ratio of 1.77 and a debt-to-equity ratio of 1.30.

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 (EPS) for the quarter. Orix Corp Ads had a return on equity of 9.93% and a net margin of 13.55%.The company had revenue of $6.03 billion during the quarter. As a group, sell-side analysts anticipate that Orix Corp Ads will post 4.59 earnings per share for the current year.

Institutional Investors Weigh In On Orix Corp Ads

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