Sumitomo Realty & Development Co., Ltd. (OTCMKTS:SURDF – Get Free Report)’s share price dropped 4.4% on Wednesday . The stock traded as low as $22.99 and last traded at $22.99. Approximately 2,000 shares traded hands during trading, an increase of 74% from the average session volume of 1,152 shares. The stock had previously closed at $24.05.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group downgraded Sumitomo Realty & Development from a “neutral” rating to a “sell” rating in a report on Wednesday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.
Get Our Latest Analysis on SURDF
Sumitomo Realty & Development Trading Down 4.4%
Sumitomo Realty & Development Company Profile
Sumitomo Realty & Development Co, Ltd. (OTCMKTS:SURDF) is one of Japan’s foremost comprehensive real estate developers. Headquartered in Tokyo, the company engages in the development, leasing and management of a wide range of properties. Its portfolio spans office buildings, residential condominiums, retail facilities, hotels and leisure complexes, reflecting a diversified approach to land use and urban development.
In addition to its core property development activities, Sumitomo Realty provides integrated property management services, including leasing, maintenance and building operations.
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