Ferguson Wellman Capital Management Inc. Invests $839,000 in Orix Corp Ads $IX

Ferguson Wellman Capital Management Inc. acquired a new stake in Orix Corp Ads (NYSE:IX) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 27,960 shares of the real estate investment trust’s stock, valued at approximately $839,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Atlas Capital Advisors Inc. acquired a new stake in shares of Orix Corp Ads in the fourth quarter valued at about $28,000. V Square Quantitative Management LLC acquired a new position in Orix Corp Ads during the fourth quarter valued at approximately $34,000. Kestra Advisory Services LLC bought a new position in Orix Corp Ads in the fourth quarter valued at approximately $35,000. Geneos Wealth Management Inc. grew its stake in Orix Corp Ads by 4,325.5% in the first quarter. Geneos Wealth Management Inc. now owns 2,080 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 2,033 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position 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 worth $94,000 after purchasing an additional 1,160 shares during the last quarter. Institutional investors and hedge funds own 1.73% of the company’s stock.

Orix Corp Ads Trading Up 0.0%

Shares of NYSE:IX opened at $40.30 on Monday. Orix Corp Ads has a 52-week low of $22.10 and a 52-week high of $40.63. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.73 and a current ratio of 1.77. The company has a market capitalization of $44.74 billion, a P/E ratio of 15.09, a price-to-earnings-growth ratio of 0.86 and a beta of 0.89. The company has a 50-day simple moving average of $38.23 and a 200 day simple moving average of $33.82.

Orix Corp Ads (NYSE:IX) last announced its quarterly 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 for the quarter. Orix Corp Ads had a return on equity of 9.93% and a net margin of 13.55%. Sell-side analysts forecast that Orix Corp Ads will post 4.64 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on IX shares. Weiss Ratings cut Orix Corp Ads from a “buy (b)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Zacks Research upgraded shares of Orix Corp Ads from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. Finally, Wall Street Zen lowered shares of Orix Corp Ads from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average 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.