Mitsubishi Estate (OTCMKTS:MITEY) Sets New 1-Year High - Time to Buy?

Key Points

• Mitsubishi Estate shares reached a new 52-week high of $22.72, a significant increase from the previous close of $21.75.
• CLSA upgraded Mitsubishi Estate to a "strong-buy" rating, contributing to an average rating of "Strong Buy" from analysts.
• The company's latest earnings report showed an EPS of $0.20, beating estimates, although revenue of $2.42 billion fell short of expectations.

Mitsubishi Estate Co. (OTCMKTS:MITEY - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $22.72 and last traded at $22.72, with a volume of 5441 shares. The stock had previously closed at $21.75.

Wall Street Analyst Weigh In

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

Mitsubishi Estate Trading Up 4.7%

The company has a 50 day moving average price of $19.93 and a 200 day moving average price of $18.03. The firm has a market cap of $28.48 billion, a price-to-earnings ratio of 21.89 and a beta of 0.21. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.69 and a current ratio of 2.33.

Mitsubishi Estate (OTCMKTS:MITEY - Get Free Report) last announced 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 return on equity of 5.65% and a net margin of 12.09%.The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.70 billion. Mitsubishi Estate has set its FY 2025 guidance at 1.110-1.110 EPS.

About Mitsubishi Estate

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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