Mitsubishi Estate Co. (OTCMKTS:MITEY - Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $17.97, but opened at $18.87. Mitsubishi Estate shares last traded at $18.17, with a volume of 5,331 shares traded.
Wall Street Analysts Forecast Growth
Separately, CLSA upgraded Mitsubishi Estate to a "strong-buy" rating in a research note on Tuesday, May 27th.
Get Our Latest Research Report on Mitsubishi Estate
Mitsubishi Estate Stock Up 1.4%
The stock has a market capitalization of $22.79 billion, a PE ratio of 18.40 and a beta of 0.22. The stock has a fifty day moving average of $18.34 and a 200-day moving average of $16.40.
Mitsubishi Estate (OTCMKTS:MITEY - Get Free Report) last announced 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 business had revenue of $3.59 billion during 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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