Mitsubishi Estate (OTCMKTS:MITEY – Get Free Report) is anticipated to release its results after the market closes on Friday, August 7th. Analysts expect Mitsubishi Estate to announce earnings of $0.29 per share and revenue of $3.3080 billion for the quarter.
Mitsubishi Estate Trading Up 0.3%
Shares of MITEY opened at $23.86 on Thursday. The company has a current ratio of 1.97, a quick ratio of 1.39 and a debt-to-equity ratio of 1.26. The firm’s 50-day moving average is $25.23 and its two-hundred day moving average is $27.43. Mitsubishi Estate has a twelve month low of $18.18 and a twelve month high of $35.17. The firm has a market capitalization of $28.90 billion, a P/E ratio of 20.05 and a beta of 0.13.
Analyst Upgrades and Downgrades
Separately, The Goldman Sachs Group lowered Mitsubishi Estate from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.
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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