Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The stock traded as high as $19.61 and last traded at $18.76, with a volume of 89982 shares changing hands. The stock had previously closed at $18.70.
Wall Street Analysts Forecast Growth
Separately, CLSA upgraded shares of Mitsubishi Estate to a "strong-buy" rating in a research report on Tuesday, May 27th.
Read Our Latest Research Report on MITEY
Mitsubishi Estate Trading Up 1.0%
The business's fifty day moving average is $17.39 and its 200 day moving average is $15.45. The firm has a market capitalization of $23.25 billion, a P/E ratio of 18.05 and a beta of 0.21.
Mitsubishi Estate (OTCMKTS:MITEY - Get Free Report) last released its earnings results on Monday, May 12th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.10). The firm had revenue of $3.59 billion during the quarter, compared to analysts' expectations of $3.58 billion. Mitsubishi Estate had a return on equity of 5.27% and a net margin of 12.13%.
Mitsubishi Estate Company Profile
(
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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.
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