Orix Corp Ads (NYSE:IX) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Orix Corp Ads (NYSE:IX) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $29.06 and traded as high as $31.13. Orix Corp Ads shares last traded at $30.9720, with a volume of 311,322 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wall Street Zen lowered shares of Orix Corp Ads from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Orix Corp Ads in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy”.

Orix Corp Ads Stock Up 0.0%

The company has a current ratio of 1.82, a quick ratio of 1.77 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $34.39 billion, a P/E ratio of 11.10, a P/E/G ratio of 0.71 and a beta of 0.79. The stock’s 50 day simple moving average is $32.19 and its 200 day simple moving average is $29.06.

Orix Corp Ads (NYSE:IX) last posted its quarterly earnings data on Monday, February 9th. The real estate investment trust reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.18. Orix Corp Ads had a net margin of 15.04% and a return on equity of 10.69%. The firm had revenue of $5.72 billion for the quarter, compared to the consensus estimate of $4.38 billion. As a group, research analysts predict that Orix Corp Ads will post 11.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in IX. Quantinno Capital Management LP boosted its stake in Orix Corp Ads by 88.2% during the 2nd quarter. Quantinno Capital Management LP now owns 481,327 shares of the real estate investment trust’s stock valued at $10,839,000 after acquiring an additional 225,580 shares during the last quarter. Millennium Management LLC lifted its position in shares of 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 buying an additional 197,432 shares during the last quarter. Calamos Wealth Management LLC bought a new position in shares of Orix Corp Ads in the 4th quarter worth about $4,103,000. Todd Asset Management LLC lifted 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 buying an additional 105,837 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Orix Corp Ads by 4.4% in the 2nd quarter. Bank of America Corp DE now owns 2,353,948 shares of the real estate investment trust’s stock worth $53,011,000 after buying an additional 99,516 shares during the last quarter. 1.73% of the stock is currently owned by 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.