Sumitomo Realty & Development (SURDF) Projected to Post Quarterly Earnings on Tuesday

Sumitomo Realty & Development (OTCMKTS:SURDF) will likely be announcing its results after the market closes on Tuesday, November 10th. Analysts expect the company to post earnings of $0.3723 per share and revenue of $1.71 billion for the quarter.

Sumitomo Realty & Development Stock Performance

SURDF stock remained flat at $20.49 during mid-day trading on Tuesday. 4 shares of the company’s stock traded hands, compared to its average volume of 998. Sumitomo Realty & Development has a twelve month low of $18.42 and a twelve month high of $33.19. The firm’s 50 day moving average is $20.38 and its two-hundred day moving average is $25.36.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group downgraded shares of Sumitomo Realty & Development from a “neutral” rating to a “sell” rating in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Sumitomo Realty & Development presently has a consensus rating of “Sell”.

Sumitomo Realty & Development Company Profile

Sumitomo Realty & Development Co, Ltd. is a Japanese real estate company engaged in the development, ownership, leasing and management of commercial and residential properties. Its portfolio includes office buildings, commercial facilities, condominiums and other urban real estate assets, with a particular presence in major metropolitan areas of Japan.

The company also provides housing-related services, including the sale of condominiums and detached homes, custom home construction, real estate brokerage and property management.