Orix Corp Ads $IX Shares Sold by BTC Capital Management Inc.

BTC Capital Management Inc. lowered its stake in Orix Corp Ads (NYSE:IX) by 22.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 84,816 shares of the real estate investment trust’s stock after selling 24,315 shares during the period. BTC Capital Management Inc.’s holdings in Orix Corp Ads were worth $2,479,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of IX. Net Worth Advisory Group grew its holdings in shares of Orix Corp Ads by 3.6% in the 4th quarter. Net Worth Advisory Group now owns 11,136 shares of the real estate investment trust’s stock worth $325,000 after acquiring an additional 389 shares during the last quarter. Greenleaf Trust boosted its position in shares of Orix Corp Ads by 1.1% in the 3rd quarter. Greenleaf Trust now owns 37,437 shares of the real estate investment trust’s stock valued at $978,000 after purchasing an additional 402 shares during the period. GAMMA Investing LLC boosted its position in shares of Orix Corp Ads by 6.8% in the 4th quarter. GAMMA Investing LLC now owns 6,701 shares of the real estate investment trust’s stock valued at $196,000 after purchasing an additional 427 shares during the period. Franklin Resources Inc. increased its stake in Orix Corp Ads by 2.8% in the 3rd quarter. Franklin Resources Inc. now owns 16,147 shares of the real estate investment trust’s stock worth $422,000 after purchasing an additional 445 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in Orix Corp Ads by 2.7% during the 2nd quarter. Raymond James Financial Inc. now owns 17,157 shares of the real estate investment trust’s stock worth $386,000 after buying an additional 457 shares during the period. Institutional investors and hedge funds own 1.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Wall Street Zen cut shares of Orix Corp Ads from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Weiss Ratings restated a “buy (b-)” rating on shares of Orix Corp Ads in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Orix Corp Ads Stock Up 2.9%

NYSE:IX opened at $30.01 on Wednesday. The firm has a market capitalization of $33.32 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 0.71 and a beta of 0.71. Orix Corp Ads has a 1-year low of $17.75 and a 1-year high of $37.04. 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 business’s fifty day moving average price is $32.17 and its 200 day moving average price is $28.89.

Orix Corp Ads (NYSE:IX) last announced its quarterly earnings data 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. Orix Corp Ads had a return on equity of 10.69% and a net margin of 15.04%.The firm had revenue of $5.72 billion during the quarter, compared to analyst estimates of $4.38 billion. On average, sell-side analysts forecast that Orix Corp Ads will post 11.31 earnings per share for the current fiscal year.

Orix Corp Ads 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.