Orix Corp Ads (NYSE:IX) Sees Unusually-High Trading Volume – Time to Buy?

Orix Corp Ads (NYSE:IX) saw strong trading volume on Thursday . 333,641 shares traded hands during trading, a decline of 8% from the previous session’s volume of 362,469 shares.The stock last traded at $39.4940 and had previously closed at $39.25.

Analysts Set New Price Targets

Several analysts have commented on the company. Wall Street Zen raised Orix Corp Ads from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Weiss Ratings restated a “buy (b)” rating on shares of Orix Corp Ads in a research report on Friday, May 8th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Orix Corp Ads has a consensus rating of “Buy”.

Orix Corp Ads Stock 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 stock has a market cap of $44.09 billion, a price-to-earnings ratio of 14.87, a price-to-earnings-growth ratio of 1.30 and a beta of 0.88. The stock’s 50-day moving average is $33.75 and its 200-day moving average is $31.61.

Orix Corp Ads (NYSE:IX) last issued its earnings results on Tuesday, March 31st. The real estate investment trust reported $1.64 earnings per share for the quarter. The firm had revenue of $6.03 billion during the quarter. Orix Corp Ads had a net margin of 13.55% and a return on equity of 9.93%. Analysts anticipate that Orix Corp Ads will post 2.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in IX. Morgan Stanley lifted its position in shares of Orix Corp Ads by 1.5% during the fourth quarter. Morgan Stanley now owns 5,117,942 shares of the real estate investment trust’s stock worth $149,546,000 after purchasing an additional 74,473 shares in the last quarter. Bank of America Corp DE grew its stake in Orix Corp Ads by 0.9% in the first quarter. Bank of America Corp DE now owns 2,893,892 shares of the real estate investment trust’s stock valued at $86,788,000 after acquiring an additional 25,662 shares during the period. Todd Asset Management LLC grew its stake in 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 acquiring an additional 105,837 shares during the period. Teachers Retirement System of The State of Kentucky increased its position 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 worth $29,960,000 after acquiring an additional 88,100 shares in the last quarter. Finally, Quantinno Capital Management LP increased its position in shares of Orix Corp Ads by 16.3% during the first quarter. Quantinno Capital Management LP now owns 924,415 shares of the real estate investment trust’s stock worth $27,723,000 after acquiring an additional 129,739 shares in the last quarter. Institutional investors 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.