StockNews.com Downgrades ORIX (NYSE:IX) to Hold

ORIX (NYSE:IX) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

ORIX Stock Up 0.1 %

ORIX stock opened at $20.10 on Thursday. ORIX has a twelve month low of $17.75 and a twelve month high of $25.17. The company has a quick ratio of 1.73, a current ratio of 1.77 and a debt-to-equity ratio of 1.38. The company has a 50 day moving average of $20.34 and a 200-day moving average of $21.01. The stock has a market capitalization of $22.91 billion, a PE ratio of 1.75, a price-to-earnings-growth ratio of 0.97 and a beta of 0.78.

ORIX (NYSE:IX) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.01. ORIX had a return on equity of 9.73% and a net margin of 13.66%. On average, equities research analysts anticipate that ORIX will post 11.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. ABC Arbitrage SA acquired a new position in ORIX during the fourth quarter worth $865,000. JPMorgan Chase & Co. grew its position in shares of ORIX by 198.9% in the third quarter. JPMorgan Chase & Co. now owns 7,353 shares of the real estate investment trust’s stock valued at $853,000 after purchasing an additional 4,893 shares during the last quarter. Gilman Hill Asset Management LLC increased its position in ORIX by 8.2% during the 4th quarter. Gilman Hill Asset Management LLC now owns 36,590 shares of the real estate investment trust’s stock worth $3,887,000 after buying an additional 2,775 shares during the period. World Investment Advisors LLC acquired a new stake in shares of ORIX during the third quarter worth $2,600,000. Finally, Bank of New York Mellon Corp boosted its position in shares of ORIX by 2.3% in the fourth quarter. Bank of New York Mellon Corp now owns 21,181 shares of the real estate investment trust’s stock valued at $2,250,000 after acquiring an additional 474 shares during the period. Institutional investors and hedge funds own 1.73% of the company’s stock.

ORIX Company Profile

ORIX Corporation provides diversified financial services in Japan, the United States, Asia, Europe, Australasia, and the Middle East. The company's Corporate Financial Services and Maintenance Leasing segment is involved in the finance and fee; leasing and rental of automobiles, electronic measuring instruments, and ICT-related equipment businesses; and provision of life insurance and environment and energy-related products and services.