Mitsubishi Estate Co. (OTCMKTS:MITEY - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $18.69, but opened at $17.58. Mitsubishi Estate shares last traded at $18.15, with a volume of 131 shares.
Wall Street Analyst Weigh In
Separately, CLSA upgraded Mitsubishi Estate to a "strong-buy" rating in a report on Tuesday, May 27th.
View Our Latest Analysis on Mitsubishi Estate
Mitsubishi Estate Trading Down 1.0%
The firm has a fifty day moving average of $18.34 and a 200 day moving average of $16.40. The company has a market capitalization of $22.55 billion, a P/E ratio of 18.21 and a beta of 0.22.
Mitsubishi Estate (OTCMKTS:MITEY - Get Free Report) last posted its quarterly earnings data 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 net margin of 11.99% and a return on equity of 6.14%. The company had revenue of $3.59 billion for the quarter, compared to analysts' expectations of $3.58 billion.
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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