Mitsubishi Estate Co. (OTCMKTS:MITEY - Get Free Report)'s stock price 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 trading hands.
Analyst Upgrades and Downgrades
Separately, CLSA raised Mitsubishi Estate to a "strong-buy" rating in a research note on Tuesday, May 27th.
Read Our Latest Analysis on Mitsubishi Estate
Mitsubishi Estate Stock Up 1.2%
The firm has a 50 day moving average of $18.34 and a two-hundred day moving average of $16.40. The firm has a market capitalization of $23.07 billion, a price-to-earnings ratio of 18.63 and a beta of 0.22.
Mitsubishi Estate (OTCMKTS:MITEY - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.10). The business had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.58 billion. Mitsubishi Estate had a net margin of 11.99% and a return on equity of 6.14%.
About Mitsubishi Estate
(
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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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