Shares of Mitsubishi Estate Co. (OTCMKTS:MITEY – Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $24.91, but opened at $23.43. Mitsubishi Estate shares last traded at $23.3350, with a volume of 1,270 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, The Goldman Sachs Group downgraded Mitsubishi Estate from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.
Read Our Latest Report on Mitsubishi Estate
Mitsubishi Estate Stock Down 6.3%
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.
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