Mitsubishi Estate (OTCMKTS:MITEY) Sets New 12-Month High - Here's Why

Key Points

• Mitsubishi Estate reached a new 12-month high share price of $19.74 on Monday, with a trading volume of 4,536 shares.
• Analysts have upgraded Mitsubishi Estate to a "strong-buy" rating, indicating positive market sentiment moving forward.
• The company reported earnings of $0.26 per share for the last quarter, missing the consensus estimate of $0.36, despite achieving a revenue of $3.59 billion.

Mitsubishi Estate Co. (OTCMKTS:MITEY - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The company traded as high as $19.74 and last traded at $19.74, with a volume of 4536 shares. The stock had previously closed at $19.25.

Wall Street Analysts Forecast Growth

Separately, CLSA upgraded shares of Mitsubishi Estate to a "strong-buy" rating in a report on Tuesday, May 27th.

Mitsubishi Estate Trading Up 1.7%

The company's fifty day moving average is $18.76 and its two-hundred day moving average is $16.97. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.69 and a current ratio of 2.33. The company has a market cap of $26.04 billion, a price-to-earnings ratio of 21.03 and a beta of 0.23.

Mitsubishi Estate (OTCMKTS:MITEY - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.10). Mitsubishi Estate had a return on equity of 4.85% and a net margin of 11.99%. The company had revenue of $3.59 billion during the quarter, compared to analysts' expectations of $3.58 billion.

Mitsubishi Estate Company Profile

Mitsubishi Estate Co, Ltd. engages in the real estate activities in Japan and internationally. The company develops, leases, manages, and sells office buildings and commercial facilities; operates rental offices, coworking space, virtual offices, hourly meeting rooms, home delivery storage service, commercial nursing homes, and building garages; offers real estate management, as well as building management services, such as security, facility management, cleaning, and planting services; and operates hotels and airports.