Orix Corp Ads (NYSE:IX) Sees Strong Trading Volume – Here’s Why

Orix Corp Ads (NYSE:IX) shares saw an uptick in trading volume on Friday . 273,249 shares changed hands during trading, an increase of 27% from the previous session’s volume of 214,948 shares.The stock last traded at $36.04 and had previously closed at $36.60.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on IX shares. Wall Street Zen cut shares of Orix Corp Ads from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of Orix Corp Ads in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Orix Corp Ads Stock Performance

The company has a debt-to-equity ratio of 1.29, a current ratio of 1.82 and a quick ratio of 1.77. The firm has a market cap of $41.41 billion, a P/E ratio of 13.02, a PEG ratio of 0.87 and a beta of 0.74. The stock’s 50 day moving average is $30.24 and its two-hundred day moving average is $27.22.

Orix Corp Ads (NYSE:IX) last issued its quarterly earnings data on Monday, February 9th. The real estate investment trust reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.18. Orix Corp Ads had a net margin of 15.04% and a return on equity of 10.69%. The firm had revenue of $4.78 billion for the quarter, compared to analysts’ expectations of $4.38 billion. As a group, equities analysts predict that Orix Corp Ads will post 11.31 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in IX. Bank of America Corp DE increased its position in Orix Corp Ads by 0.9% in the 3rd quarter. Bank of America Corp DE now owns 2,375,278 shares of the real estate investment trust’s stock valued at $62,042,000 after acquiring an additional 21,330 shares in the last quarter. Todd Asset Management LLC increased its holdings in shares of Orix Corp Ads by 6.1% in the third quarter. Todd Asset Management LLC now owns 1,847,014 shares of the real estate investment trust’s stock valued at $48,244,000 after purchasing an additional 105,837 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its position in Orix Corp Ads by 8.3% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 1,147,000 shares of the real estate investment trust’s stock worth $29,960,000 after purchasing an additional 88,100 shares during the last quarter. American Century Companies Inc. lifted its holdings in Orix Corp Ads by 17.6% during the 3rd quarter. American Century Companies Inc. now owns 639,305 shares of the real estate investment trust’s stock worth $16,699,000 after buying an additional 95,796 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its position in Orix Corp Ads by 88.2% in the 2nd quarter. Quantinno Capital Management LP now owns 481,327 shares of the real estate investment trust’s stock valued at $10,839,000 after buying an additional 225,580 shares during the last quarter. 1.73% of the stock is owned by institutional investors.

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.