Sumitomo Realty & Development (SURDF) to Announce Quarterly Earnings on Thursday

Sumitomo Realty & Development (OTCMKTS:SURDF) is expected to be posting its results after the market closes on Thursday, August 6th. Analysts expect the company to announce earnings of $0.5740 per share and revenue of $1.7542 billion for the quarter.

Sumitomo Realty & Development Price Performance

SURDF stock opened at $22.98 on Tuesday. Sumitomo Realty & Development has a one year low of $18.00 and a one year high of $33.19. The firm has a 50-day moving average of $22.97 and a two-hundred day moving average of $27.43.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lowered shares of Sumitomo Realty & Development from a “neutral” rating to a “sell” rating in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Sumitomo Realty & Development currently has an average rating of “Sell”.

About Sumitomo Realty & Development

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.