Orix Corp Ads (NYSE:IX) Rating Lowered to Hold at Wall Street Zen

Orix Corp Ads (NYSE:IX) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Orix Corp Ads in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy”.

Orix Corp Ads Price Performance

IX stock opened at $32.25 on Friday. The firm has a market cap of $36.76 billion, a P/E ratio of 12.35, a price-to-earnings-growth ratio of 0.96 and a beta of 0.74. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.77 and a current ratio of 1.81. Orix Corp Ads has a 1 year low of $17.75 and a 1 year high of $32.37. The stock has a 50-day simple moving average of $29.61 and a 200-day simple moving average of $26.87.

Orix Corp Ads (NYSE:IX) last released its quarterly earnings results on Wednesday, November 12th. The real estate investment trust reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.42. The firm had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $4.87 billion. Orix Corp Ads had a return on equity of 10.30% and a net margin of 14.53%. On average, equities analysts predict that Orix Corp Ads will post 11.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Orix Corp Ads

Several large investors have recently modified their holdings of the stock. Bank of America Corp DE increased its holdings in Orix Corp Ads by 0.9% in the third quarter. Bank of America Corp DE now owns 2,375,278 shares of the real estate investment trust’s stock valued at $62,042,000 after buying an additional 21,330 shares during the last quarter. Todd Asset Management LLC grew its position in shares of Orix Corp Ads by 6.1% in the 3rd quarter. Todd Asset Management LLC now owns 1,847,014 shares of the real estate investment trust’s stock worth $48,244,000 after acquiring an additional 105,837 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Orix Corp Ads by 8.3% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 1,147,000 shares of the real estate investment trust’s stock valued at $29,960,000 after acquiring an additional 88,100 shares during the last quarter. American Century Companies Inc. raised its position in shares of Orix Corp Ads by 17.6% during the 3rd quarter. American Century Companies Inc. now owns 639,305 shares of the real estate investment trust’s stock valued at $16,699,000 after acquiring an additional 95,796 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its stake in Orix Corp Ads by 88.2% during the second quarter. Quantinno Capital Management LP now owns 481,327 shares of the real estate investment trust’s stock worth $10,839,000 after purchasing an additional 225,580 shares during 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.