Sumitomo Realty & Development (OTCMKTS:SURDF – Get Free Report) is anticipated to issue its results after the market closes on Thursday, August 6th. Analysts expect Sumitomo Realty & Development to post earnings of $0.5740 per share and revenue of $1.7542 billion for the quarter.
Sumitomo Realty & Development Trading Up 7.0%
Shares of SURDF stock opened at $22.98 on Thursday. Sumitomo Realty & Development has a 12 month low of $18.00 and a 12 month high of $33.19. The stock has a 50-day moving average price of $23.03 and a 200 day moving average price of $27.49.
Analyst Upgrades and Downgrades
Separately, The Goldman Sachs Group cut shares of Sumitomo Realty & Development from a “neutral” rating to a “sell” rating in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.
Sumitomo Realty & Development Company Profile
Sumitomo Realty & Development Co, Ltd. (OTCMKTS:SURDF) is one of Japan’s foremost comprehensive real estate developers. Headquartered in Tokyo, the company engages in the development, leasing and management of a wide range of properties. Its portfolio spans office buildings, residential condominiums, retail facilities, hotels and leisure complexes, reflecting a diversified approach to land use and urban development.
In addition to its core property development activities, Sumitomo Realty provides integrated property management services, including leasing, maintenance and building operations.
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