Reliance Trust Co. of Delaware cut its stake in shares of Orix Corp Ads (NYSE:IX) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,330 shares of the real estate investment trust’s stock after selling 101 shares during the period. Reliance Trust Co. of Delaware’s holdings in Orix Corp Ads were worth $883,000 as of its most recent filing with the SEC.
Separately, Greenleaf Trust raised its position in shares of Orix Corp Ads by 83.4% in the second quarter. Greenleaf Trust now owns 7,050 shares of the real estate investment trust’s stock valued at $549,000 after buying an additional 3,205 shares during the period. Hedge funds and other institutional investors own 1.91% of the company’s stock.
Shares of Orix Corp Ads (NYSE:IX) opened at 81.32 on Friday. The stock has a market cap of $20.80 billion, a P/E ratio of 8.18 and a beta of 1.43. Orix Corp Ads has a one year low of $68.43 and a one year high of $84.07. The firm’s 50-day moving average price is $80.27 and its 200 day moving average price is $78.22.
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Several brokerages have recently commented on IX. TheStreet raised Orix Corp Ads from a “c+” rating to a “b” rating in a research note on Thursday, June 8th. BidaskClub downgraded Orix Corp Ads from a “sell” rating to a “strong sell” rating in a report on Sunday, July 16th. Finally, Zacks Investment Research upgraded Orix Corp Ads from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a report on Tuesday, August 1st.
About Orix Corp Ads
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