Mitsubishi Estate (OTCMKTS:MITEY) Sets New 1-Year High - Should You Buy?

Key Points

• Mitsubishi Estate reached a new 52-week high, trading as high as $24.06 before closing at $22.73, with a trading volume of 56,050 shares.
• Analysts have given Mitsubishi Estate a "strong-buy" rating, with one analyst affirming this outlook following a recent report by CLSA.
• For its latest quarter, Mitsubishi Estate reported an EPS of $0.20, exceeding estimates, but revenue of $2.42 billion fell short of the expected $2.70 billion.

Mitsubishi Estate Co. (OTCMKTS:MITEY - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $24.06 and last traded at $22.73, with a volume of 56050 shares. The stock had previously closed at $22.72.

Wall Street Analyst Weigh In

Separately, CLSA raised shares of Mitsubishi Estate to a "strong-buy" rating in a report on Tuesday, May 27th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Mitsubishi Estate has an average rating of "Strong Buy".

Mitsubishi Estate Price Performance

The company has a debt-to-equity ratio of 1.24, a current ratio of 2.33 and a quick ratio of 1.69. The company's 50 day moving average price is $20.83 and its 200 day moving average price is $18.65. The firm has a market capitalization of $28.43 billion, a P/E ratio of 21.86 and a beta of 0.21.

Mitsubishi Estate (OTCMKTS:MITEY - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.18 by $0.02. Mitsubishi Estate had a net margin of 12.09% and a return on equity of 5.65%. The business had revenue of $2.42 billion for the quarter, compared to analysts' expectations of $2.70 billion. Mitsubishi Estate has set its FY 2025 guidance at 1.110-1.110 EPS.

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.

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