Mitsubishi Estate Co. (OTCMKTS:MITEY - Get Free Report)'s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $17.67 and traded as high as $19.25. Mitsubishi Estate shares last traded at $18.61, with a volume of 46,450 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, CLSA upgraded shares of Mitsubishi Estate to a "strong-buy" rating in a report on Tuesday, May 27th.
View Our Latest Stock Analysis on Mitsubishi Estate
Mitsubishi Estate Price Performance
The firm's 50 day moving average is $17.79 and its 200 day moving average is $15.69. The firm has a market cap of $23.23 billion, a P/E ratio of 18.76 and a beta of 0.21.
Mitsubishi Estate (OTCMKTS:MITEY - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.10). The company had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.58 billion. Mitsubishi Estate had a return on equity of 6.14% and a net margin of 11.99%.
Mitsubishi Estate Company Profile
(
Get Free Report)
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.
Featured Stories
Before you consider Mitsubishi Estate, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mitsubishi Estate wasn't on the list.
While Mitsubishi Estate currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
