Orix Corp Ads (NYSE:IX) Sets New 52-Week High – Here’s What Happened

Orix Corp Ads (NYSE:IX) reached a new 52-week high during trading on Tuesday . The company traded as high as $39.98 and last traded at $39.92, with a volume of 21714 shares trading hands. The stock had previously closed at $38.85.

Wall Street Analyst Weigh In

A number of research firms have recently commented on IX. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Orix Corp Ads in a research note on Friday, May 8th. Wall Street Zen downgraded shares of Orix Corp Ads from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy”.

Orix Corp Ads Price Performance

The company has a debt-to-equity ratio of 1.30, a current ratio of 1.76 and a quick ratio of 1.71. The company’s 50-day simple moving average is $32.50 and its 200-day simple moving average is $30.94. The company has a market cap of $44.38 billion, a price-to-earnings ratio of 14.97, a P/E/G ratio of 1.29 and a beta of 0.84.

Orix Corp Ads (NYSE:IX) last issued its quarterly earnings data on Tuesday, March 31st. The real estate investment trust reported $1.64 earnings per share (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 during the quarter. On average, equities research analysts anticipate that Orix Corp Ads will post 2.96 EPS for the current year.

Institutional Trading of Orix Corp Ads

Several large investors have recently bought and sold shares of IX. Quantinno Capital Management LP grew its position in Orix Corp Ads by 88.2% in 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 acquiring an additional 225,580 shares in the last quarter. Millennium Management LLC grew its position in shares of Orix Corp Ads by 3,021.1% during the first quarter. Millennium Management LLC now owns 203,967 shares of the real estate investment trust’s stock worth $4,261,000 after buying an additional 197,432 shares in the last quarter. Calamos Advisors LLC bought a new stake in shares of Orix Corp Ads in the first quarter worth $4,899,000. Calamos Wealth Management LLC acquired a new stake in Orix Corp Ads in the fourth quarter valued at $4,103,000. Finally, Renaissance Technologies LLC bought a new position in Orix Corp Ads during the 1st quarter valued at $3,287,000. Institutional investors and hedge funds own 1.73% of the company’s stock.

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.