Mitsubishi Estate (OTCMKTS:MITEY) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Mitsubishi Estate (OTCMKTS:MITEY) announced its earnings results on Monday. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02), Zacks reports. Mitsubishi Estate had a net margin of 15.06% and a return on equity of 6.15%.

Mitsubishi Estate Price Performance

Shares of OTCMKTS MITEY opened at $24.62 on Monday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.89 and a quick ratio of 1.35. The stock has a market capitalization of $29.82 billion, a price-to-earnings ratio of 16.30 and a beta of 0.16. The firm’s 50 day simple moving average is $23.37 and its 200-day simple moving average is $26.12. Mitsubishi Estate has a 12 month low of $20.09 and a 12 month high of $35.17.

Analyst Ratings Changes

Separately, The Goldman Sachs Group downgraded Mitsubishi Estate from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat, Mitsubishi Estate currently has an average rating of “Hold”.

Mitsubishi Estate Company Profile

Mitsubishi Estate Co, Ltd. is a Japanese real estate company founded in 1937 and headquartered in Tokyo. It develops, owns, leases and manages a range of properties, including office buildings, residential properties, retail facilities, hotels and logistics facilities.

The company is closely associated with the development and management of Tokyo’s Marunouchi district, near Tokyo Station. Its business also includes real estate services and asset management, serving corporate and individual customers.

In addition to its extensive operations in Japan, Mitsubishi Estate has real estate businesses in overseas markets, including the United States, the United Kingdom and parts of Asia.