Orix Corp Ads $IX Position Cut by Natixis Advisors LLC

Natixis Advisors LLC trimmed its stake in Orix Corp Ads (NYSE:IX) by 8.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 163,944 shares of the real estate investment trust’s stock after selling 15,926 shares during the quarter. Natixis Advisors LLC’s holdings in Orix Corp Ads were worth $4,790,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Bank of America Corp DE raised its stake in shares of Orix Corp Ads by 0.9% during the third 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 purchasing an additional 21,330 shares in the last quarter. Todd Asset Management LLC raised its stake in shares of Orix Corp Ads by 6.1% during 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 stake in shares of Orix Corp Ads by 8.3% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 1,147,000 shares of the real estate investment trust’s stock valued at $29,960,000 after purchasing an additional 88,100 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Orix Corp Ads by 17.6% during the third quarter. American Century Companies Inc. now owns 639,305 shares of the real estate investment trust’s stock valued at $16,699,000 after purchasing an additional 95,796 shares in the last quarter. Finally, Quantinno Capital Management LP raised its stake in shares of Orix Corp Ads by 88.2% during the second quarter. Quantinno Capital Management LP now owns 481,327 shares of the real estate investment trust’s stock valued at $10,839,000 after purchasing an additional 225,580 shares in the last quarter. 1.73% of the stock is currently owned by institutional investors.

Orix Corp Ads Price Performance

Shares of Orix Corp Ads stock opened at $38.59 on Tuesday. The company has a current ratio of 1.76, a quick ratio of 1.71 and a debt-to-equity ratio of 1.30. The company’s 50-day moving average price is $34.28 and its two-hundred day moving average price is $31.88. Orix Corp Ads has a 52 week low of $21.14 and a 52 week high of $40.00. The stock has a market cap of $42.84 billion, a PE ratio of 14.45, a price-to-earnings-growth ratio of 1.27 and a beta of 0.88.

Orix Corp Ads (NYSE:IX) last issued its quarterly earnings results on Tuesday, March 31st. The real estate investment trust reported $1.64 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. As a group, sell-side analysts anticipate that Orix Corp Ads will post 2.96 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wall Street Zen cut shares of Orix Corp Ads from a “buy” rating to a “hold” rating in a research note on Sunday. Weiss Ratings restated a “buy (b)” rating on shares of Orix Corp Ads in a research note on Friday, May 8th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Orix Corp Ads currently has a consensus rating of “Buy”.

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.