Orix Corp Ads (NYSE:IX) Downgraded by Zacks Research to “Hold”

Orix Corp Ads (NYSE:IX) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other equities analysts have also recently issued reports about the company. Weiss Ratings cut Orix Corp Ads from a “buy (b)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Wall Street Zen lowered Orix Corp Ads from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, Orix Corp Ads has an average rating of “Hold”.

Orix Corp Ads Stock Down 2.7%

IX opened at $39.15 on Monday. The company has a market cap of $43.47 billion, a P/E ratio of 14.66, a P/E/G ratio of 0.87 and a beta of 0.89. The business’s 50-day moving average price is $39.22 and its 200-day moving average price is $34.68. The company has a current ratio of 1.77, a quick ratio of 1.73 and a debt-to-equity ratio of 1.30. Orix Corp Ads has a 12 month low of $22.33 and a 12 month high of $41.00.

Orix Corp Ads (NYSE:IX) last released its earnings results on Tuesday, March 31st. The real estate investment trust reported $1.64 earnings per share for the quarter. The company had revenue of $6.03 billion during the quarter. Orix Corp Ads had a return on equity of 9.93% and a net margin of 13.55%. On average, equities analysts expect that Orix Corp Ads will post 4.59 EPS for the current year.

Institutional Trading of Orix Corp Ads

Institutional investors and hedge funds have recently bought and sold shares of the stock. Calamos Wealth Management LLC bought a new position in shares of Orix Corp Ads in the 4th quarter worth approximately $4,103,000. Sivia Capital Partners LLC bought a new stake in shares of Orix Corp Ads during the second quarter valued at approximately $247,000. Eagle Global Advisors LLC grew its stake in Orix Corp Ads by 6.4% in the fourth quarter. Eagle Global Advisors LLC now owns 334,998 shares of the real estate investment trust’s stock worth $9,789,000 after purchasing an additional 20,088 shares during the period. Lester Murray Antman dba SimplyRich grew its stake in Orix Corp Ads by 36.8% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 63,321 shares of the real estate investment trust’s stock worth $1,850,000 after purchasing an additional 17,040 shares during the period. Finally, Global Retirement Partners LLC raised its holdings in Orix Corp Ads by 1,318.6% in the fourth quarter. Global Retirement Partners LLC now owns 20,485 shares of the real estate investment trust’s stock worth $599,000 after purchasing an additional 19,041 shares in the last quarter. 1.73% of the stock is currently owned by hedge funds and other institutional investors.

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.