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

Mitsubishi Estate logo with Finance background

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.

Read Our Latest Stock Analysis on MITEY

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

(Get Free Report)

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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