Mitsubishi Estate (OTCMKTS:MITEY) Hits New 1-Year High – Here’s Why

Mitsubishi Estate Co. (OTCMKTS:MITEY)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $34.59 and last traded at $34.4412, with a volume of 13479 shares changing hands. The stock had previously closed at $33.01.

Mitsubishi Estate Price Performance

The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.45 and a current ratio of 2.09. The firm has a market cap of $41.66 billion, a P/E ratio of 26.74 and a beta of 0.10. The firm’s fifty day simple moving average is $26.84 and its 200 day simple moving average is $23.86.

Mitsubishi Estate (OTCMKTS:MITEY) last announced its quarterly earnings results on Monday, February 9th. The company reported $0.31 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.31. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.04 billion. Mitsubishi Estate had a return on equity of 5.55% and a net margin of 13.66%.Mitsubishi Estate has set its FY 2026 guidance at 1.180-1.180 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.