ORIX Co. (IX) Shares Sold by Duff & Phelps Investment Management Co.

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Duff & Phelps Investment Management Co. trimmed its stake in shares of ORIX Co. (NYSE:IX) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 78,862 shares of the real estate investment trust’s stock after selling 1,778 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in ORIX were worth $5,643,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IX. Cornerstone Advisors Inc. raised its holdings in shares of ORIX by 50.7% during the third quarter. Cornerstone Advisors Inc. now owns 428 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 144 shares during the period. OLD National Bancorp IN raised its holdings in shares of ORIX by 4.6% during the fourth quarter. OLD National Bancorp IN now owns 4,266 shares of the real estate investment trust’s stock worth $305,000 after purchasing an additional 186 shares during the period. Lourd Capital LLC raised its holdings in shares of ORIX by 7.8% during the fourth quarter. Lourd Capital LLC now owns 3,311 shares of the real estate investment trust’s stock worth $237,000 after purchasing an additional 239 shares during the period. Boston Common Asset Management LLC raised its holdings in shares of ORIX by 3.2% during the fourth quarter. Boston Common Asset Management LLC now owns 10,213 shares of the real estate investment trust’s stock worth $731,000 after purchasing an additional 318 shares during the period. Finally, Advisors Asset Management Inc. raised its holdings in shares of ORIX by 60.2% during the fourth quarter. Advisors Asset Management Inc. now owns 1,195 shares of the real estate investment trust’s stock worth $86,000 after purchasing an additional 449 shares during the period. Hedge funds and other institutional investors own 1.86% of the company’s stock.

Shares of NYSE:IX opened at $73.01 on Friday. The firm has a market cap of $19.34 billion, a price-to-earnings ratio of 66.37, a price-to-earnings-growth ratio of 0.89 and a beta of 1.08. ORIX Co. has a 1-year low of $67.00 and a 1-year high of $92.68. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.42 and a current ratio of 1.45.

ORIX (NYSE:IX) last issued its earnings results on Monday, January 28th. The real estate investment trust reported $2.81 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.98 by ($0.17). The business had revenue of $4.74 billion for the quarter. ORIX had a return on equity of 10.26% and a net margin of 11.86%. As a group, equities research analysts anticipate that ORIX Co. will post 11.61 EPS for the current year.

Separately, Zacks Investment Research raised shares of ORIX from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd.

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About ORIX

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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Institutional Ownership by Quarter for ORIX (NYSE:IX)

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