Orix Corp Ads (NYSE:IX) Sets New 12-Month High – Time to Buy?

Orix Corp Ads (NYSE:IX)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $40.06 and last traded at $40.0780, with a volume of 81675 shares changing hands. The stock had previously closed at $39.37.

Wall Street Analysts Forecast Growth

A number of 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 Sunday, June 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Orix Corp Ads in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Orix Corp Ads Stock Up 1.7%

The firm’s 50 day simple moving average is $35.35 and its 200 day simple moving average is $32.41. The company has a market cap of $44.46 billion, a price-to-earnings ratio of 15.00, a price-to-earnings-growth ratio of 1.28 and a beta of 0.88. The company has a quick ratio of 1.71, a current ratio of 1.76 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 EPS for the quarter. Orix Corp Ads had a net margin of 13.55% and a return on equity of 9.93%. The company had revenue of $6.03 billion for the quarter. Sell-side analysts anticipate that Orix Corp Ads will post 2.96 EPS for the current fiscal year.

Institutional Trading of Orix Corp Ads

Large investors have recently added to or reduced their stakes in the business. Atlas Capital Advisors Inc. bought a new stake in Orix Corp Ads during the fourth quarter worth approximately $28,000. V Square Quantitative Management LLC purchased a new position in Orix Corp Ads during the 4th quarter worth approximately $34,000. Kestra Advisory Services LLC acquired a new stake in shares of Orix Corp Ads during the 4th quarter valued at $35,000. Geneos Wealth Management Inc. boosted its stake in shares of Orix Corp Ads by 4,325.5% during the 1st 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 boosted its stake 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 valued at $94,000 after buying an additional 1,160 shares during the period. 1.73% of the stock is currently owned by institutional investors.

About Orix Corp Ads

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.