Mitsubishi Estate (OTCMKTS:MITEY) Hits New 1-Year High – What’s Next?

Mitsubishi Estate Co. (OTCMKTS:MITEY)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $25.47 and last traded at $24.95, with a volume of 4173 shares changing hands. The stock had previously closed at $24.44.

Mitsubishi Estate Stock Up 0.2%

The firm has a market capitalization of $29.82 billion, a P/E ratio of 23.33 and a beta of 0.09. 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 firm’s 50-day moving average is $22.70 and its 200 day moving average is $21.27.

Mitsubishi Estate (OTCMKTS:MITEY) last released its 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 firm had revenue of $2.52 billion for the quarter, compared to the consensus estimate 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

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.