Mitsubishi Estate (OTCMKTS:MITEY) Sets New 52-Week High – Here’s What Happened

Mitsubishi Estate Co. (OTCMKTS:MITEY) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $26.88 and last traded at $26.05, with a volume of 1317 shares trading hands. The stock had previously closed at $26.36.

Mitsubishi Estate Stock Down 1.9%

The company has a debt-to-equity ratio of 1.27, a current ratio of 2.09 and a quick ratio of 1.45. The firm has a market cap of $31.22 billion, a P/E ratio of 24.43 and a beta of 0.11. The firm’s 50-day moving average price is $23.67 and its 200 day moving average price is $21.93.

Mitsubishi Estate (OTCMKTS:MITEY) last released its earnings results on Monday, November 10th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.14). The business had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.74 billion. Mitsubishi Estate had a net margin of 11.67% and a return on equity of 5.47%. 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.