Paradigm Asset Management Co. LLC Has $1.52 Million Position in Orix Corp Ads (NYSE:IX)

Paradigm Asset Management Co. LLC raised its stake in Orix Corp Ads (NYSE:IX - Free Report) by 400.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 72,500 shares of the real estate investment trust's stock after purchasing an additional 58,000 shares during the period. Paradigm Asset Management Co. LLC's holdings in Orix Corp Ads were worth $1,515,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Teachers Retirement System of The State of Kentucky increased its stake in shares of Orix Corp Ads by 400.0% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 1,058,900 shares of the real estate investment trust's stock valued at $22,120,000 after buying an additional 847,120 shares during the period. Hardy Reed LLC raised its stake in shares of Orix Corp Ads by 400.0% during the 1st quarter. Hardy Reed LLC now owns 13,425 shares of the real estate investment trust's stock worth $280,000 after purchasing an additional 10,740 shares during the period. Whittier Trust Co. of Nevada Inc. grew its holdings in Orix Corp Ads by 665.6% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 23,243 shares of the real estate investment trust's stock valued at $485,000 after buying an additional 20,207 shares in the last quarter. Whittier Trust Co. grew its holdings in Orix Corp Ads by 458.9% during the 1st quarter. Whittier Trust Co. now owns 76,311 shares of the real estate investment trust's stock valued at $1,593,000 after buying an additional 62,656 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in Orix Corp Ads by 400.6% in the first quarter. Signaturefd LLC now owns 18,156 shares of the real estate investment trust's stock worth $379,000 after buying an additional 14,529 shares in the last quarter. 1.73% of the stock is currently owned by institutional investors and hedge funds.

Orix Corp Ads Trading Down 0.8%

Shares of Orix Corp Ads stock traded down $0.19 on Thursday, reaching $23.30. The company had a trading volume of 50,948 shares, compared to its average volume of 223,137. The firm's 50-day moving average price is $21.72 and its two-hundred day moving average price is $20.93. Orix Corp Ads has a 1 year low of $17.75 and a 1 year high of $25.17. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.77 and a quick ratio of 1.73. The firm has a market cap of $26.55 billion, a price-to-earnings ratio of 11.54, a P/E/G ratio of 0.81 and a beta of 0.86.

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

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Orix Corp Ads from a "hold" rating to a "buy" rating in a report 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.