Callan Capital LLC Buys 57,918 Shares of Orix Corp Ads (NYSE:IX)

Callan Capital LLC lifted its holdings in Orix Corp Ads (NYSE:IX - Free Report) by 496.8% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 69,576 shares of the real estate investment trust's stock after buying an additional 57,918 shares during the period. Callan Capital LLC's holdings in Orix Corp Ads were worth $1,453,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of IX. Envestnet Asset Management Inc. increased its stake in Orix Corp Ads by 446.3% in the first quarter. Envestnet Asset Management Inc. now owns 148,222 shares of the real estate investment trust's stock valued at $3,096,000 after acquiring an additional 121,090 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Orix Corp Ads by 433.2% in the 1st quarter. Bank of New York Mellon Corp now owns 112,927 shares of the real estate investment trust's stock worth $2,359,000 after acquiring an additional 91,746 shares in the last quarter. Wayfinding Financial LLC bought a new stake in shares of Orix Corp Ads during the 1st quarter valued at $34,000. Checchi Capital Advisers LLC boosted its position in shares of Orix Corp Ads by 457.4% in the 1st quarter. Checchi Capital Advisers LLC now owns 13,605 shares of the real estate investment trust's stock worth $284,000 after purchasing an additional 11,164 shares in the last quarter. Finally, Ativo Capital Management LLC boosted its stake in Orix Corp Ads by 395.8% in the 1st quarter. Ativo Capital Management LLC now owns 57,653 shares of the real estate investment trust's stock worth $1,204,000 after purchasing an additional 46,024 shares in the last quarter. Hedge funds and other institutional investors own 1.73% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Orix Corp Ads from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th.

Orix Corp Ads Price Performance

Orix Corp Ads stock traded down $0.01 during midday trading on Thursday, reaching $22.68. 117,257 shares of the stock traded hands, compared to its average volume of 178,568. Orix Corp Ads has a 12 month low of $17.75 and a 12 month high of $25.17. The company has a quick ratio of 1.73, a current ratio of 1.77 and a debt-to-equity ratio of 1.37. The stock's fifty day moving average is $21.23 and its 200-day moving average is $20.83. The stock has a market cap of $25.85 billion, a P/E ratio of 11.24, a PEG ratio of 0.80 and a beta of 0.86.

Orix Corp Ads (NYSE:IX - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.20). The company had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $5.17 billion. Orix Corp Ads had a return on equity of 8.53% and a net margin of 12.24%. As a group, equities research analysts anticipate that Orix Corp Ads will post 11.31 EPS for the current year.

Orix Corp Ads Company Profile

ORIX Corporation provides diversified financial services in Japan, the United States, Asia, Europe, Australasia, and the Middle East. The company's Corporate Financial Services and Maintenance Leasing segment is involved in the finance and fee; leasing and rental of automobiles, electronic measuring instruments, and ICT-related equipment businesses; and provision of life insurance and environment and energy-related products and services.