Mitsubishi Estate (OTCMKTS:MITEY) Sets New 12-Month High - Time to Buy?

Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY - Get Free Report)'s share price hit a new 52-week high on Tuesday . The company 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.

Analysts Set New Price Targets

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

Mitsubishi Estate Stock Performance

The company has a market cap of $23.50 billion, a P/E ratio of 18.24 and a beta of 0.20. The stock has a 50-day simple moving average of $17.30 and a 200 day simple moving average of $15.38.

Mitsubishi Estate (OTCMKTS:MITEY - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.10). Mitsubishi Estate had a return on equity of 5.27% and a net margin of 12.13%. The business had revenue of $3.59 billion for the quarter, compared to analyst estimates 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.