Eagle Global Advisors LLC Increases Stake in Orix Corp Ads $IX

Eagle Global Advisors LLC raised its holdings in shares of Orix Corp Ads (NYSE:IX) by 6.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 334,998 shares of the real estate investment trust’s stock after buying an additional 20,088 shares during the period. Eagle Global Advisors LLC’s holdings in Orix Corp Ads were worth $9,789,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new stake in shares of Orix Corp Ads in the fourth quarter worth $34,000. Global Retirement Partners LLC increased its stake in shares of Orix Corp Ads by 58.2% in the third quarter. Global Retirement Partners LLC now owns 1,444 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 531 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Orix Corp Ads by 4,325.5% in the first quarter. Geneos Wealth Management Inc. now owns 2,080 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 2,033 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Orix Corp Ads by 56.5% in the fourth quarter. Farther Finance Advisors LLC now owns 3,212 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 1,160 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of Orix Corp Ads by 8,083.8% during the first quarter. Jones Financial Companies Lllp now owns 5,565 shares of the real estate investment trust’s stock worth $116,000 after acquiring an additional 5,497 shares during the last quarter. 1.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Orix Corp Ads Price Performance

IX stock opened at $30.57 on Wednesday. The company has a fifty day simple moving average of $32.10 and a two-hundred day simple moving average of $29.36. The firm has a market capitalization of $33.94 billion, a P/E ratio of 10.96, a price-to-earnings-growth ratio of 0.73 and a beta of 0.79. The company has a quick ratio of 1.77, a current ratio of 1.82 and a debt-to-equity ratio of 1.29. Orix Corp Ads has a 52 week low of $19.79 and a 52 week high of $37.04.

Orix Corp Ads (NYSE:IX) last released its earnings results on Monday, February 9th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.18. The firm had revenue of $5.72 billion during the quarter, compared to analyst estimates of $4.38 billion. Orix Corp Ads had a net margin of 15.04% and a return on equity of 10.69%. Analysts anticipate that Orix Corp Ads will post 2.58 earnings per share for the current fiscal year.

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.