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

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. “

Shares of Mitsubishi Estate Co (OTCMKTS MITEY) traded down 0.76% on Wednesday, hitting $17.55. 196,336 shares of the stock were exchanged. Mitsubishi Estate Co has a 12 month low of $16.67 and a 12 month high of $21.03. The company has a market cap of $24.36 billion, a PE ratio of 28.31 and a beta of 0.68. The company has a 50-day moving average price of $17.30 and a 200 day moving average price of $18.32.

Mitsubishi Estate Co (OTCMKTS:MITEY) last released its earnings results on Friday, August 4th. The company reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.11). The business had revenue of $2.11 billion during the quarter. Mitsubishi Estate Co had a return on equity of 5.35% and a net margin of 8.43%. Equities analysts forecast that Mitsubishi Estate Co will post $0.41 EPS for the current fiscal year.

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Mitsubishi Estate Co 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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