Mitsubishi Estate (OTCMKTS:MITEY) Reaches New 52-Week High – Here’s Why

Shares of Mitsubishi Estate Co. (OTCMKTS:MITEY) hit a new 52-week high on Thursday . The company traded as high as $34.37 and last traded at $32.75, with a volume of 30379 shares. The stock had previously closed at $31.78.

Mitsubishi Estate Stock Up 4.8%

The firm has a market capitalization of $40.45 billion, a price-to-earnings ratio of 25.96 and a beta of 0.10. The company has a quick ratio of 1.45, a current ratio of 2.09 and a debt-to-equity ratio of 1.27. The company’s 50 day moving average price is $26.19 and its 200 day moving average price is $23.47.

Mitsubishi Estate (OTCMKTS:MITEY) last issued its earnings results on Monday, February 9th. The company reported $0.31 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.31. The company had revenue of $3 billion during the quarter, compared to analyst estimates of $3.04 billion. Mitsubishi Estate had a return on equity of 5.55% and a net margin of 13.66%.Mitsubishi Estate has set its FY 2026 guidance at 1.180-1.180 EPS.

About Mitsubishi Estate

Mitsubishi Estate Co, Ltd. (OTCMKTS: MITEY) is one of Japan’s largest real estate developers and a core company within the Mitsubishi corporate group. Headquartered in Tokyo, the firm is best known for large-scale urban development and property leasing, including landmark office districts and mixed-use complexes in central Tokyo. Its businesses span the full real estate value chain, from land acquisition and project development to leasing, sales, property and facility management, and real estate investment management.

The company’s commercial activities cover office buildings, retail and commercial facilities, residential housing, hotels and resorts, and logistics properties.