Mitsubishi Estate (OTCMKTS:MITEY) Issues FY 2023 Earnings Guidance

Mitsubishi Estate (OTCMKTS:MITEYGet Rating) updated its FY 2023 earnings guidance on Thursday. The company provided earnings per share guidance of $1.07-$1.07 for the period. The company issued revenue guidance of $12.19 billion-$12.19 billion.

Mitsubishi Estate stock opened at $15.39 on Thursday. The business has a 50 day simple moving average of $14.55 and a 200-day simple moving average of $14.43. Mitsubishi Estate has a 12 month low of $13.16 and a 12 month high of $18.50. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.87 and a quick ratio of 1.35. The stock has a market capitalization of $21.41 billion, a PE ratio of 14.94 and a beta of 0.52.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Mitsubishi Estate from a hold rating to a buy rating and set a $17.00 price target on the stock in a research note on Saturday, April 2nd. CLSA downgraded Mitsubishi Estate from a buy rating to an underperform rating in a research note on Tuesday, April 12th.

About Mitsubishi Estate (Get Rating)

Mitsubishi Estate Co, Ltd. engages in the real estate activities in Japan and internationally. The company is involved in the development, leasing, property management, and sale of office buildings; planning, development, and tenant leasing of retail facilities/outlets; investment, development, operational management, and asset management of logistics facilities; operation of 16 hotels under the Royal Park Hotels brand in Japan and the Marunouchi Hotel in the Marunouchi area; and operation of Takamatsu Airport, Miyako Shimojishima Airport Terminal, Mt.

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