Orix Corp Ads $IX Shares Sold by Greenleaf Trust

Greenleaf Trust lowered its position in Orix Corp Ads (NYSE:IX) by 15.3% in the second quarter, HoldingsChannel reports. The fund owned 37,035 shares of the real estate investment trust’s stock after selling 6,715 shares during the quarter. Greenleaf Trust’s holdings in Orix Corp Ads were worth $834,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Park Avenue Securities LLC purchased a new stake in shares of Orix Corp Ads during the second quarter worth about $398,000. BTC Capital Management Inc. increased its stake in Orix Corp Ads by 4.0% during the 2nd quarter. BTC Capital Management Inc. now owns 101,497 shares of the real estate investment trust’s stock worth $2,286,000 after buying an additional 3,879 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in Orix Corp Ads during the 2nd quarter worth approximately $247,000. Gilman Hill Asset Management LLC increased its stake in Orix Corp Ads by 0.4% during the 2nd quarter. Gilman Hill Asset Management LLC now owns 196,669 shares of the real estate investment trust’s stock worth $4,429,000 after buying an additional 705 shares in the last quarter. Finally, Aaron Wealth Advisors LLC increased its stake in Orix Corp Ads by 17.7% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 25,970 shares of the real estate investment trust’s stock worth $585,000 after buying an additional 3,913 shares in the last quarter. Hedge funds and other institutional investors own 1.73% of the company’s stock.

Orix Corp Ads Stock Down 1.1%

Shares of NYSE IX opened at $25.52 on Friday. Orix Corp Ads has a 12-month low of $17.75 and a 12-month high of $27.21. The stock has a market cap of $29.09 billion, a PE ratio of 11.68, a P/E/G ratio of 0.97 and a beta of 0.91. The company has a current ratio of 1.76, a quick ratio of 1.72 and a debt-to-equity ratio of 1.36. The company has a 50-day moving average of $25.59 and a 200 day moving average of $22.58.

Orix Corp Ads (NYSE:IX) last posted its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.11. Orix Corp Ads had a net margin of 12.70% and a return on equity of 9.01%. The business had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $4.96 billion. As a group, sell-side analysts predict that Orix Corp Ads will post 11.31 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Orix Corp Ads from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 22nd.

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.