Zacks Investment Research lowered shares of Mitsubishi Estate Co. (OTCMKTS:MITEY) from a buy rating to a hold rating in a report released on Wednesday.

According to Zacks, “Mitsubishi Estate Co., Ltd. is engaged in the development of real estate, including office buildings, residential properties and commercial properties. The Building Business segment is engaged in the development, leasing and property management of office buildings. Its Lifestyle Property segment operates the PREMIUM OUTLETS, MARK IS and other retail facilities. The Residential Business segment provides services, such as development, marketing and leasing. It is engaged in undertaking approximately 30 development projects in over 10 states, including distribution facilities and homes. Its Investment Management segment offers services for both individual and institutional investors. Its Architectural Design and Engineering segment engages in the design and administration of construction and civil engineering projects. Its Hotel Business maintains a network of over eight hotels. Its Real Estate Services segment provides a range of solutions for individuals and corporations. “

Mitsubishi Estate (OTCMKTS:MITEY) traded up 1.19% during trading on Wednesday, reaching $18.32. 79,937 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $18.47 and a 200 day moving average price of $18.99. The stock has a market capitalization of $25.48 billion, a P/E ratio of 27.72 and a beta of 0.67. Mitsubishi Estate has a 1-year low of $17.43 and a 1-year high of $21.03.

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Mitsubishi Estate Company Profile

Mitsubishi Estate Co, Ltd. is engaged in the development of real estate, including office buildings, residential properties and commercial properties. The Building Business segment is engaged in the development, leasing and property management of office buildings. Its Lifestyle Property segment operates the PREMIUM OUTLETS, MARK IS and other retail facilities.

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