Royal Bank of Canada Increases Stake in Orix Corp Ads $IX

Royal Bank of Canada grew its holdings in Orix Corp Ads (NYSE:IX) by 116.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 88,450 shares of the real estate investment trust’s stock after acquiring an additional 47,544 shares during the period. Royal Bank of Canada’s holdings in Orix Corp Ads were worth $2,652,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. AQR Capital Management LLC grew its position in shares of Orix Corp Ads by 433.3% during the 1st quarter. AQR Capital Management LLC now owns 44,547 shares of the real estate investment trust’s stock valued at $931,000 after acquiring an additional 36,194 shares during the period. Millennium Management LLC raised its holdings in Orix Corp Ads by 3,021.1% in the 1st quarter. Millennium Management LLC now owns 203,967 shares of the real estate investment trust’s stock worth $4,261,000 after purchasing an additional 197,432 shares during the period. Jones Financial Companies Lllp raised its holdings in Orix Corp Ads by 8,083.8% in the 1st quarter. Jones Financial Companies Lllp now owns 5,565 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 5,497 shares during the period. Goldman Sachs Group Inc. raised its holdings in Orix Corp Ads by 568.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 96,454 shares of the real estate investment trust’s stock worth $2,015,000 after purchasing an additional 82,030 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in Orix Corp Ads by 4,325.5% during 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. Hedge funds and other institutional investors own 1.73% of the company’s stock.

Orix Corp Ads Stock Performance

Shares of NYSE IX opened at $40.09 on Monday. The firm has a fifty day moving average price of $39.56 and a 200-day moving average price of $35.58. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.15 and a quick ratio of 2.07. The stock has a market cap of $44.51 billion, a PE ratio of 11.08, a price-to-earnings-growth ratio of 0.73 and a beta of 0.88. Orix Corp Ads has a 1 year low of $24.19 and a 1 year high of $42.39.

Orix Corp Ads (NYSE:IX) last released its earnings results on Tuesday, June 30th. The real estate investment trust reported $1.57 earnings per share for the quarter. The company had revenue of $7.06 billion for the quarter. Orix Corp Ads had a net margin of 18.02% and a return on equity of 13.11%. Equities analysts anticipate that Orix Corp Ads will post 5.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

IX has been the subject of several recent research reports. Wall Street Zen lowered Orix Corp Ads from a “buy” rating to a “hold” rating in a report on Sunday, June 7th. Weiss Ratings raised Orix Corp Ads from a “hold (c+)” rating to a “buy (b)” rating in a research note on Wednesday. Finally, Zacks Research cut Orix Corp Ads from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate 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.