Mitsubishi Estate (OTCMKTS:MITEY – Get Free Report) posted its quarterly earnings data on Friday. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.05, Zacks reports. Mitsubishi Estate had a net margin of 12.64% and a return on equity of 5.38%. Mitsubishi Estate updated its FY 2027 guidance to 1.251-1.251 EPS.
Mitsubishi Estate Trading Up 3.4%
Mitsubishi Estate stock traded up $0.81 during trading hours on Friday, reaching $24.91. 130,462 shares of the company’s stock traded hands, compared to its average volume of 64,125. The firm’s 50 day moving average is $25.21 and its 200-day moving average is $27.42. Mitsubishi Estate has a fifty-two week low of $18.18 and a fifty-two week high of $35.17. The firm has a market capitalization of $30.17 billion, a price-to-earnings ratio of 20.93 and a beta of 0.13. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.39 and a current ratio of 1.97.
Analyst Upgrades and Downgrades
Separately, The Goldman Sachs Group lowered Mitsubishi Estate from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.
About Mitsubishi Estate
Mitsubishi Estate Co, Ltd. (OTCMKTS: MITEY) is one of Japan’s largest real estate developers and a core company within the Mitsubishi corporate group. Headquartered in Tokyo, the firm is best known for large-scale urban development and property leasing, including landmark office districts and mixed-use complexes in central Tokyo. Its businesses span the full real estate value chain, from land acquisition and project development to leasing, sales, property and facility management, and real estate investment management.
The company’s commercial activities cover office buildings, retail and commercial facilities, residential housing, hotels and resorts, and logistics properties.
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