Mitsubishi Estate (OTCMKTS:MITEY) Shares Gap Up – Still a Buy?

Mitsubishi Estate Co. (OTCMKTS:MITEY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $25.23, but opened at $26.58. Mitsubishi Estate shares last traded at $25.4920, with a volume of 31,276 shares traded.

Mitsubishi Estate Trading Up 0.6%

The firm has a fifty day moving average price of $24.47 and a 200-day moving average price of $22.39. The company has a market capitalization of $30.90 billion, a P/E ratio of 24.18 and a beta of 0.11. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.09 and a quick ratio of 1.45.

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