Zacks Investment Research upgraded shares of ORIX (NYSE:IX) from a strong sell rating to a hold rating in a research report sent to investors on Wednesday morning, Zacks.com reports.

According to Zacks, “ORIX CORP-ADR is a diversified financial services institution with diverse operations in both corporate and retail finance, including: leasing, lending, rentals, life insurance, real estate financing and development, venture capital, investment and retail banking, commodities funds and securities brokerage. Their international operations include leasing, rentals, fixed income investment, aircraft and ship financing, commercial mortgage servicing and property development. “

Separately, TheStreet upgraded Exantas Capital from a d+ rating to a c rating in a research note on Thursday, May 2nd.

Shares of IX stock opened at $76.71 on Wednesday. The company has a 50 day moving average of $73.11. ORIX has a twelve month low of $67.00 and a twelve month high of $85.83. The stock has a market cap of $19.66 billion, a P/E ratio of 67.29, a P/E/G ratio of 0.89 and a beta of 0.96. The company has a quick ratio of 1.52, a current ratio of 1.55 and a debt-to-equity ratio of 1.42.

ORIX (NYSE:IX) last announced its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the consensus estimate of $3.18 by ($2.87). ORIX had a net margin of 13.29% and a return on equity of 11.16%. The company had revenue of $5.80 billion during the quarter. Research analysts expect that ORIX will post 11.99 EPS for the current year.

A number of hedge funds have recently modified their holdings of the stock. Northern Trust Corp raised its holdings in ORIX by 2.9% during the fourth quarter. Northern Trust Corp now owns 299,228 shares of the real estate investment trust’s stock worth $21,410,000 after purchasing an additional 8,306 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of ORIX by 134.4% in the first quarter. Marshall Wace LLP now owns 71,956 shares of the real estate investment trust’s stock worth $5,172,000 after acquiring an additional 41,262 shares during the last quarter. Scout Investments Inc. raised its holdings in shares of ORIX by 31.4% in the second quarter. Scout Investments Inc. now owns 55,821 shares of the real estate investment trust’s stock worth $4,180,000 after acquiring an additional 13,330 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of ORIX by 23.8% in the first quarter. Bank of Montreal Can now owns 41,149 shares of the real estate investment trust’s stock worth $2,958,000 after acquiring an additional 7,918 shares during the last quarter. Finally, OLD Mission Capital LLC acquired a new position in shares of ORIX in the fourth quarter worth $2,942,000. 1.47% of the stock is owned by hedge funds and other institutional investors.

ORIX Company Profile

ORIX Corporation provides diversified financial services primarily in Japan and the Americas. It operates through six segments: Corporate Financial Services, Maintenance Leasing, Real Estate, Investment and Operation, Retail, and Overseas Business. The Corporate Financial Services segment engages in lending, leasing, and fee businesses.

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