Sequoia Financial Advisors LLC Purchases 15,969 Shares of Orix Corp Ads (NYSE:IX)

Sequoia Financial Advisors LLC grew its position in Orix Corp Ads (NYSE:IX - Free Report) by 352.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,505 shares of the real estate investment trust's stock after buying an additional 15,969 shares during the period. Sequoia Financial Advisors LLC's holdings in Orix Corp Ads were worth $428,000 at the end of the most recent quarter.

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

Orix Corp Ads Stock Performance

Shares of Orix Corp Ads stock opened at $22.84 on Thursday. The firm has a market capitalization of $26.03 billion, a P/E ratio of 11.32, a PEG ratio of 0.81 and a beta of 0.86. 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 50 day moving average price of $20.98 and a 200 day moving average price of $20.79. Orix Corp Ads has a 52 week low of $17.75 and a 52 week high of $25.17.

Orix Corp Ads (NYSE:IX - Get Free Report) last posted 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). Orix Corp Ads had a return on equity of 8.53% and a net margin of 12.24%. The business had revenue of $4.86 billion for the quarter, compared to analysts' expectations of $5.17 billion. Sell-side analysts expect that Orix Corp Ads will post 11.31 EPS for the current year.

Analyst Upgrades and Downgrades

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

About Orix Corp Ads

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.

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