Mitsubishi Estate (OTCMKTS:MITEY) Hits New 1-Year High – Here’s Why

by · The Cerbat Gem

Mitsubishi Estate Co. (OTCMKTS:MITEY – Get Free Report)’s share price hit a new 52-week high on Tuesday . The company traded as high as $26.88 and last traded at $26.05, with a volume of 1317 shares traded. The stock had previously closed at $26.36.

Mitsubishi Estate Trading Up 2.2%

The stock has a market cap of $32.79 billion, a PE ratio of 25.66 and a beta of 0.11. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.45 and a current ratio of 2.09. The company has a 50 day moving average of $23.47 and a two-hundred day moving average of $21.84.

Mitsubishi Estate (OTCMKTS:MITEY – Get Free Report) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.14). The business had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.74 billion. Mitsubishi Estate had a return on equity of 5.47% and a net margin of 11.67%.Mitsubishi Estate has set its FY 2025 guidance at 1.090-1.090 EPS.

About Mitsubishi Estate

(Get Free Report)

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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