OTCMKTS:MITEY

Mitsubishi Estate Stock Forecast, Price & News

$17.74

-0.46 (-2.53 %)

(As of 02/26/2021 12:00 AM ET)

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Today's Range

$17.31

Now: $17.74▼

$17.84

50-Day Range

$15.61

MA: $16.62▼

$18.20

52-Week Range

$11.29

Now: $17.74▼

$18.62

Volume60,031 shs

Average Volume36,197 shs

Market Capitalization$24.26 billion

P/E Ratio17.22

Dividend Yield0.90%

Beta0.69

Mitsubishi Estate Co., Ltd. engages in the real estate activities in Japan and internationally. The company is involved in the development, leasing, property management, and sale of office buildings; planning, development, and tenant leasing of retail facilities/outlets; investment, development, operational management, and asset management of logistics facilities; operation of 13 hotels under the Royal Park Hotels brand in Japan and the Marunouchi Hotel in the Marunouchi area; and operation of Takamatsu Airport, Miyako Shimojishima Airport Terminal, Mt. Fuji Shizuoka Airport, and seven airports in Hokkaido. It also engages in the development and rebuilding, redevelopment, purchasing and sale, brokerage, and management of condominiums; and rental of apartments. In addition, the company provides real estate investment trust, as well as private placement funds management services. Further, it offers architectural design and engineering services, including construction, civil engineering, and urban and regional development planning and consulting. Additionally, the company provides real estate problem-solving solutions, such as real estate brokerage, condominium and office building leasing management support, and real estate appraisal. Mitsubishi Estate Co., Ltd. was founded in 1890 and is headquartered in Tokyo, Japan.

Headlines

Mitsubishi Estate 9-month Net Profit Rises, Revenues Down; Lifts FY21 Outlook - Quick Facts
February 10, 2021 | nasdaq.com

Japan Real Estate Investment Corporation -- Moody's affirms Japan Real Estate's rating at A1; revises outlook to negative from stable
December 16, 2020 | finance.yahoo.com

Mitsubishi Estate Co. Ltd. ADR
November 26, 2020 | barrons.com

Mitsubishi Estate Co., Ltd. -- Moody's announces completion of a periodic review of ratings of Mitsubishi Estate Co., Ltd.
August 18, 2020 | finance.yahoo.com

Mitsubishi Estate Co., Ltd. -- Moody's assigns (P)A2 rating to Mitsubishi Estate's shelf registration
August 16, 2020 | finance.yahoo.com

Nikkei ekes out gains, within whisker of erasing pandemic loss
August 13, 2020 | finance.yahoo.com

MITSUBISHI EST UNSP/ADR (MITEY) - Income Statement
March 25, 2020 | www.fool.com

Japan Real Estate Investment Corporation -- Moody's announces completion of a periodic review of ratings of Japan Real Estate Investment Corporation
October 16, 2019 | finance.yahoo.com

Mitsubishi Estate Co., Ltd. -- Moody's affirms Mitsubishi Estate's A2 ratings; outlook stable
September 6, 2019 | finance.yahoo.com

See More Headlines

Industry, Sector and Symbol

Stock Exchange OTCMKTS

Industry Real estate agents & managers

Sub-IndustryN/A

SectorFinance

Current SymbolOTCMKTS:MITEY

Previous Symbol

CUSIPN/A

CIKN/A

Webwww.mec.co.jp

Phone813-3287-5100

Employees9,619

Year Founded1950

Debt

Debt-to-Equity Ratio1.32

Current Ratio1.59

Quick Ratio1.16

Price-To-Earnings

Trailing P/E Ratio17.22

Forward P/E Ratio22.74

P/E GrowthN/A

Sales & Book Value

Annual Sales$11.98 billion

Price / Sales2.03

Cash Flow$1.74 per share

Price / Cash Flow10.17

Book Value$13.06 per share

Price / Book1.36

Profitability

EPS (Most Recent Fiscal Year)$1.00

Net Income$1.37 billion

Net Margins11.67%

Return on Equity7.78%

Return on Assets2.54%

Miscellaneous

Outstanding Shares1,367,600,000

Market Cap$24.26 billion

Next Earnings Date5/13/2021 (Estimated)

OptionableNot Optionable

MarketRank^™

Overall MarketRank^™

1.42 out of 5 stars

Finance Sector

735th out of 1,937 stocks

Real Estate Agents & Managers Industry

6th out of 19 stocks

0.0 Analyst's Opinion

Consensus Rating
There is not enough analysis data for Mitsubishi Estate.

2.3 Community Rank

Outperform Votes
Mitsubishi Estate has received 126 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Mitsubishi Estate has received 145 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Mitsubishi Estate has received 53.51% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Mitsubishi Estate and other stocks. Vote “Outperform” if you believe MITEY will outperform the S&P 500 over the long term. Vote “Underperform” if you believe MITEY will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Yield
Mitsubishi Estate has a dividend yield of 0.90%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Mitsubishi Estate does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Mitsubishi Estate is 16.00%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Mitsubishi Estate will have a dividend payout ratio of 17.78% next year. This indicates that Mitsubishi Estate will be able to sustain or increase its dividend.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Mitsubishi Estate insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 0.17% of the stock of Mitsubishi Estate is held by institutions.

3.1 Earnings and Valuation

Earnings Growth
Earnings for Mitsubishi Estate are expected to grow by 15.38% in the coming year, from $0.78 to $0.90 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Mitsubishi Estate is 17.22, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 32.51.
Price to Earnings Ratio vs. Sector
The P/E ratio of Mitsubishi Estate is 17.22, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 22.89.
Price to Book Value per Share Ratio
Mitsubishi Estate has a P/B Ratio of 1.36. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

$17.74

-0.46 (-2.53 %)

(As of 02/26/2021 12:00 AM ET)

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Mitsubishi Estate (OTCMKTS:MITEY) Frequently Asked Questions

Is Mitsubishi Estate a buy right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Mitsubishi Estate in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Mitsubishi Estate stock.
View analyst ratings for Mitsubishi Estate or view top-rated stocks.

What stocks does MarketBeat like better than Mitsubishi Estate?

Wall Street analysts have given Mitsubishi Estate a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Mitsubishi Estate wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Mitsubishi Estate?

Mitsubishi Estate saw a increase in short interest during the month of January. As of January 29th, there was short interest totaling 21,700 shares, an increase of 301.9% from the January 14th total of 5,400 shares. Based on an average daily volume of 53,400 shares, the days-to-cover ratio is presently 0.4 days.
View Mitsubishi Estate's Short Interest.

When is Mitsubishi Estate's next earnings date?

Mitsubishi Estate is scheduled to release its next quarterly earnings announcement on Thursday, May 13th 2021.
View our earnings forecast for Mitsubishi Estate.

How were Mitsubishi Estate's earnings last quarter?

Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY) released its quarterly earnings data on Wednesday, February, 10th. The company reported $0.27 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.19 by $0.08. The company earned $2.40 billion during the quarter. Mitsubishi Estate had a trailing twelve-month return on equity of 7.78% and a net margin of 11.67%.
View Mitsubishi Estate's earnings history.

How has Mitsubishi Estate's stock price been impacted by Coronavirus (COVID-19)?

Mitsubishi Estate's stock was trading at $15.99 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MITEY shares have increased by 10.9% and is now trading at $17.74.
View which stocks have been most impacted by COVID-19.

Is Mitsubishi Estate a good dividend stock?

Mitsubishi Estate pays an annual dividend of $0.16 per share and currently has a dividend yield of 0.90%. The dividend payout ratio of Mitsubishi Estate is 16.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Mitsubishi Estate will have a dividend payout ratio of 17.78% next year. This indicates that Mitsubishi Estate will be able to sustain or increase its dividend.
View Mitsubishi Estate's dividend history.

What guidance has Mitsubishi Estate issued on next quarter's earnings?

Mitsubishi Estate updated its FY 2021 Pre-Market earnings guidance on Wednesday, February, 10th. The company provided earnings per share guidance of 0.92-0.92 for the period. The company issued revenue guidance of $11.321-11.321 billion.

Who are Mitsubishi Estate's key executives?

Mitsubishi Estate's management team includes the following people:

Mr. Hirotaka Sugiyama, Exec. Chairman (Age 72)
Mr. Junichi Yoshida, Pres, CEO, Representative Corp. Exec. Officer & Director (Age 63)
Takashi Kagamoto, Gen. Mang. of Investor Relations Office
Masato Kawasaki, Gen. Mang. of Corp. Communications Department
Mr. Atsuo Kyono, Representative Exec. Officer & Sr. Managing Exec. Officer
Mr. Tetsuji Arimori, Representative Exec. Officer, Sr. Managing Exec. Officer & Director (Age 64)
Mr. Junichi Tanisawa, Representative Corp. Exec. Officer, Exec. VP & Director (Age 63) (LinkedIn Profile)
Mr. Hidemi Waki, Representative Exec. Officer & Sr. Managing Exec. Officer
Mr. Hiroshi Katayama, Managing Exec. Officer & Director (Age 62)
Mr. Noboru Nishigai, Representative Exec. Officer & Sr. Managing Exec. Officer (Age 61)

Who are some of Mitsubishi Estate's key competitors?

Some companies that are related to Mitsubishi Estate include KE (BEKE), Jones Lang LaSalle (JLL), eXp World (EXPI), Daito Trust Construction Co.,Ltd. (DIFTY), Redfin (RDFN), Marriott Vacations Worldwide (VAC), Newmark Group (NMRK), Realogy (RLGY), Marcus & Millichap (MMI), Opendoor Technologies (OPEN), RE/MAX (RMAX), Fathom (FTHM), Bluegreen Vacations (BXG), MDJM (MDJH) and Novation Companies (NOVC).
View all of MITEY's competitors.

What is Mitsubishi Estate's stock symbol?

Mitsubishi Estate trades on the OTCMKTS under the ticker symbol "MITEY."

How do I buy shares of Mitsubishi Estate?

Shares of MITEY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Mitsubishi Estate's stock price today?

One share of MITEY stock can currently be purchased for approximately $17.74.

How much money does Mitsubishi Estate make?

Mitsubishi Estate has a market capitalization of $24.26 billion and generates $11.98 billion in revenue each year. The company earns $1.37 billion in net income (profit) each year or $1.00 on an earnings per share basis.

How many employees does Mitsubishi Estate have?

Mitsubishi Estate employs 9,619 workers across the globe.

Does Mitsubishi Estate have any subsidiaries?

The following companies are subsidiares of Mitsubishi Estate: AGREX ASIA PTE. LTD., AGREX Inc., ASAHI KIZAI CO. LTD., ASIA MODIFIED STARCH CO. LTD, Agrex do Brasil S.A., CHIYODA INTERNATIONAL CORPORATION, CHIYODA KOSHO CO. LTD., COILPLUS INC., Cape Flattery Silica Mines Pty. Ltd., Cermaq, Cermaq Group AS, Chiyoda Corporation, Chuo Kagaku Co. Ltd., Cutbank Dawson Gas Resources Ltd., DGA Ho Ping B.V., DGA Ilijan B.V., DRIC PERIDOT LIMITED, Dai-Nippon Meiji Sugar Co. Ltd., Diamond Gas Holdings Sdn.Bhd., Diamond Gas International Pte. Ltd., Diamond Gas Netherlands B.V., Diamond Gas Sakhalin B.V., Diamond Generating Asia Limited, Diamond Generating Corporation, Diamond Generating Europe Limited, Diamond LNG Canada Ltd., Diamond RC Holding Limited, Diamond Realty Investments Inc., Diamond Realty Management Inc., Diamond Transmission Corporation Limited, Eneco Groep N.V., Eneco Group, Flexitech Holding, Foodlink Corporation, Gourmet Delica Co. Ltd, Indiana Packers Corporation, Isuzu Corporation, Isuzu UTE Australia Pty Ltd., JAPAN FARM HOLDINGS, JAPAN HIGHWAYS INTERNATIONAL B.V, JECO Corporation, JSC MC Bank Rus, LAWSON BANK INC., LAWSON HMV ENTERTAINMENT UNITED CINEMA HOLDINGS INC., Lawson Inc., M.C. Inversiones Limitada, M.O.Tec Corporation, MC ALABANG INC., MC Agri Alliance Ltd., MC Aviation Partners Inc., MC Capital Inc., MC Copper Holdings B.V., MC DATA PLUS, MC DEVELOPMENT ASIA PTE LTD, MC DIAMOND REALTY INVESTMENT PHILIPPINES INC., MC EMERGING CAPITAL PARTNERS B.V., MC Finance & Consulting Asia Pte. Ltd. (Singapore) Mitsubishi Corporation Finance PLC, MC GIP-UK Ltd., MC Healthcare Inc., MC ISQ-UK Ltd., MC JIIP Holdings Inc., MC Machinery Systems Inc., MC Metal Service Asia (Thailand) Co. Ltd., MC REAL ASSET INVESTMENTS LTD., MC REAL ESTATE INVESTMENT Inc., MC Retail Energy Co. Ltd., MC UK Investment Ltd., MCE Bank GmbH, METAL ONE (CHINA) CORPORATION, METAL ONE (THAILAND) COMPANY, METAL ONE STEEL SERVICE DE MEXICO, MITSUBISHI INTERNATIONAL FOOD INGREDIENTS INC., MSK FARM MACHINERY CORPORATION, Marunouchi Infrastructure Inc., Metal One America Inc., Metal One Corporation, Metal One Holdings America Inc., Metal One Speciality Steel Corporation, Mitsubishi Australia Ltd., Mitsubishi Corp. do Brasil S.A., Mitsubishi Corp.-UBS Realty Inc., Mitsubishi Corporation (Americas), Mitsubishi Corporation (Hong Kong) Ltd., Mitsubishi Corporation (Korea) Ltd., Mitsubishi Corporation (Shanghai) Ltd., Mitsubishi Corporation (Taiwan) Ltd., Mitsubishi Corporation Energy Co. Ltd., Mitsubishi Corporation Exploration Co. Ltd., Mitsubishi Corporation Fashion Co. Ltd., Mitsubishi Corporation Financial & Management Services (Japan) Ltd., Mitsubishi Corporation International (Europe) Plc., Mitsubishi Corporation LT Inc., Mitsubishi Corporation Life Sciences Limited, Mitsubishi Corporation Machinery Inc., Mitsubishi Corporation Plastics Ltd., Mitsubishi Corporation Power Ltd., Mitsubishi Corporation Power Systems Inc., Mitsubishi Corporation RtM International Pte. Ltd., Mitsubishi Corporation RtM Japan Ltd., Mitsubishi Corporation Technos, Mitsubishi Corporation Urban Development Inc., Mitsubishi Development Pty Ltd, Mitsubishi International GmbH., Mitsubishi Motors UK, Mitsubishi Shoji Chemical Corporation, Mitsubishi Shoji Construction Materials Corporation, Mitsubishi Shoji Packaging Corporation, Mitsubishi Shokuhin Co. Ltd., NEXAMP INC, Nihon Shokuhin Kako, Nikken Corporation, Nippon Care Supply Co. Ltd., Nitto Fuji Flour Milling Co. Ltd., Nosan Corporation, P.T. CHIYODA INTERNATIONAL INDONESIA, P.T. Dipo Star Finance, PLATEPLUS INC., PT DIAMOND DEVELOPMENT INDONESIA, PT DIAMOND REALTY INVESTMENT INDONESIA, Petro-Diamond Singapore (PTE) Ltd., Princes Limited, Riverina (Australia) Pty. Ltd., Ryowa Development II Pty. Ltd., Ryowa Development Pty. Ltd., SEIJO ISHII CO. LTD, Seto Futo Co. Ltd., TANGERANG REALTY INVESTMENT INC., Tamatsukuri Corporation, Thai-MC Company Ltd., The Colt Car Company Ltd., Toyo Reizo Co. Ltd., Tri Petch Isuzu Leasing Co. Ltd., Tri Petch Isuzu Sales Co. Ltd., and Triland Metals Ltd..

When was Mitsubishi Estate founded?

Mitsubishi Estate was founded in 1950.

What is Mitsubishi Estate's official website?

The official website for Mitsubishi Estate is www.mec.co.jp.

Where are Mitsubishi Estate's headquarters?

Mitsubishi Estate is headquartered at Otemachi Building 6-1 Otemachi 1-chome Chiyoda-ku, Tokyo M0, 100-8133.

How can I contact Mitsubishi Estate?

Mitsubishi Estate's mailing address is Otemachi Building 6-1 Otemachi 1-chome Chiyoda-ku, Tokyo M0, 100-8133. The company can be reached via phone at 813-3287-5100.

This page was last updated on 2/28/2021 by MarketBeat.com Staff

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