AlphaCore Capital LLC Boosts Stock Position in Orix Corp Ads $IX

AlphaCore Capital LLC lifted its stake in shares of Orix Corp Ads (NYSE:IX) by 6,402.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 77,707 shares of the real estate investment trust’s stock after acquiring an additional 76,512 shares during the quarter. AlphaCore Capital LLC’s holdings in Orix Corp Ads were worth $2,030,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Soundwatch Capital LLC bought a new position in shares of Orix Corp Ads in the second quarter worth approximately $25,000. Addison Advisors LLC lifted its stake in shares of Orix Corp Ads by 480.0% during the 2nd quarter. Addison Advisors LLC now owns 1,537 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 1,272 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in Orix Corp Ads by 58.2% in the 3rd quarter. Global Retirement Partners LLC now owns 1,444 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 531 shares during the period. Geneos Wealth Management Inc. increased its stake in Orix Corp Ads by 4,325.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,080 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 2,033 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in Orix Corp Ads by 1,105.8% during the second quarter. Hantz Financial Services Inc. now owns 2,484 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 2,278 shares during the period. Institutional investors own 1.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Orix Corp Ads in a research report on Monday, December 29th. Wall Street Zen downgraded Orix Corp Ads from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Orix Corp Ads Trading Down 0.1%

Shares of NYSE IX opened at $35.60 on Friday. Orix Corp Ads has a 1-year low of $17.75 and a 1-year high of $37.04. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.82 and a quick ratio of 1.77. The business’s 50 day moving average is $31.68 and its two-hundred day moving average is $28.07. The stock has a market capitalization of $40.57 billion, a P/E ratio of 12.76, a PEG ratio of 0.86 and a beta of 0.74.

Orix Corp Ads (NYSE:IX) last announced its earnings results on Monday, February 9th. The real estate investment trust reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.18. The firm had revenue of $4.78 billion during the quarter, compared to analysts’ expectations of $4.38 billion. Orix Corp Ads had a return on equity of 10.69% and a net margin of 15.04%. As a group, research analysts expect that Orix Corp Ads will post 11.31 EPS for the current year.

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.