Mitsubishi Estate Co. (OTCMKTS:MITEY) posted its quarterly earnings results on Friday. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by $0.11, MarketWatch Earnings reports. The company had revenue of $2.11 billion during the quarter. Mitsubishi Estate had a net margin of 9.23% and a return on equity of 6.08%.
Mitsubishi Estate (MITEY) traded down 2.07% during mid-day trading on Friday, reaching $17.94. The company’s stock had a trading volume of 47,164 shares. The stock’s 50 day moving average price is $18.47 and its 200 day moving average price is $18.99. The stock has a market capitalization of $24.90 billion, a P/E ratio of 27.14 and a beta of 0.67. Mitsubishi Estate has a 1-year low of $17.43 and a 1-year high of $21.03.
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Separately, Zacks Investment Research upgraded Mitsubishi Estate from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Tuesday, May 23rd.
About Mitsubishi Estate
Mitsubishi Estate Co, Ltd. is engaged in the development of real estate, including office buildings, residential properties and commercial properties. The Building Business segment is engaged in the development, leasing and property management of office buildings. Its Lifestyle Property segment operates the PREMIUM OUTLETS, MARK IS and other retail facilities.
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