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

Mitsubishi Estate (OTCMKTS:MITEY) issued its quarterly earnings results on Monday. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate 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 market cap of $29.82 billion, a price-to-earnings ratio of 16.30 and a beta of 0.16. The company has a current ratio of 1.89, a quick ratio of 1.35 and a debt-to-equity ratio of 1.19. The company has a 50-day moving average price of $23.37 and a 200 day moving average price of $26.12. Mitsubishi Estate has a 12 month low of $20.09 and a 12 month high of $35.17.

Wall Street Analysts Forecast Growth

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