Checchi Capital Advisers LLC Acquires 11,164 Shares of Orix Corp Ads (NYSE:IX)

Checchi Capital Advisers LLC raised its stake in Orix Corp Ads (NYSE:IX - Free Report) by 457.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,605 shares of the real estate investment trust's stock after acquiring an additional 11,164 shares during the period. Checchi Capital Advisers LLC's holdings in Orix Corp Ads were worth $284,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of IX. Bruce G. Allen Investments LLC grew its holdings in shares of Orix Corp Ads by 388.5% during the first 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 last quarter. Farther Finance Advisors LLC lifted its stake in shares of Orix Corp Ads by 234.7% during the first quarter. Farther Finance Advisors LLC now owns 1,563 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 1,096 shares during the period. Bessemer Group Inc. lifted its stake in shares of Orix Corp Ads by 3,582.3% during the first quarter. Bessemer Group Inc. now owns 2,283 shares of the real estate investment trust's stock valued at $48,000 after acquiring an additional 2,221 shares during the period. GAMMA Investing LLC lifted its stake in shares of Orix Corp Ads by 343.2% during the first quarter. GAMMA Investing LLC now owns 5,708 shares of the real estate investment trust's stock valued at $119,000 after acquiring an additional 4,420 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Orix Corp Ads by 282.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,274 shares of the real estate investment trust's stock valued at $136,000 after acquiring an additional 941 shares during the period. 1.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Orix Corp Ads Trading Down 1.9%

NYSE:IX traded down $0.44 during mid-day trading on Monday, hitting $22.45. The company had a trading volume of 26,724 shares, compared to its average volume of 177,741. Orix Corp Ads has a fifty-two week low of $17.75 and a fifty-two week high of $25.17. The business's fifty day moving average is $21.09 and its two-hundred day moving average is $20.80. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.73 and a current ratio of 1.77. The firm has a market cap of $25.59 billion, a P/E ratio of 11.12, a P/E/G ratio of 0.82 and a beta of 0.86.

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

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.