Orix Corp Ads (NYSE:IX) Shares Acquired by Fifth Third Bancorp

Fifth Third Bancorp lifted its holdings in Orix Corp Ads (NYSE:IX - Free Report) by 379.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 36,580 shares of the real estate investment trust's stock after purchasing an additional 28,943 shares during the period. Fifth Third Bancorp's holdings in Orix Corp Ads were worth $764,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Bruce G. Allen Investments LLC lifted its position in shares of Orix Corp Ads by 388.5% in the 1st quarter. Bruce G. Allen Investments LLC now owns 1,270 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 1,010 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Orix Corp Ads by 282.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,274 shares of the real estate investment trust's stock worth $136,000 after acquiring an additional 941 shares in the last quarter. Aquatic Capital Management LLC raised its stake in shares of Orix Corp Ads by 1,310.0% during the 4th quarter. Aquatic Capital Management LLC now owns 1,410 shares of the real estate investment trust's stock worth $150,000 after acquiring an additional 1,310 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Orix Corp Ads by 234.7% during the 1st quarter. Farther Finance Advisors LLC now owns 1,563 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 1,096 shares in the last quarter. Finally, Gitterman Wealth Management LLC raised its stake in shares of Orix Corp Ads by 9.2% during the 4th quarter. Gitterman Wealth Management LLC now owns 1,927 shares of the real estate investment trust's stock worth $205,000 after acquiring an additional 162 shares in the last quarter. Hedge funds and other institutional investors own 1.73% of the company's stock.

Orix Corp Ads Stock Up 0.5%

Shares of NYSE IX traded up $0.11 during trading hours on Thursday, hitting $21.30. 239,270 shares of the stock were exchanged, compared to its average volume of 172,948. 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 company has a market cap of $24.28 billion, a PE ratio of 10.56, a PEG ratio of 0.78 and a beta of 0.85. The firm has a fifty day moving average price of $20.53 and a 200-day moving average price of $20.82. Orix Corp Ads has a 12 month low of $17.75 and a 12 month high of $25.17.

Orix Corp Ads (NYSE:IX - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The real estate investment trust reported $0.46 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.20). The firm had revenue of $4.86 billion for 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%. On average, sell-side analysts expect that Orix Corp Ads will post 11.31 EPS for the current year.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Orix Corp Ads from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th.

Orix Corp Ads 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.