Sumitomo Realty & Development (SURDF) to Announce Earnings on Thursday

Sumitomo Realty & Development (OTCMKTS:SURDF) is expected to release its results after the market closes on Thursday, August 6th. Analysts expect the company to post earnings of $0.5740 per share and revenue of $1.7542 billion for the quarter.

Sumitomo Realty & Development Stock Performance

OTCMKTS:SURDF opened at $22.98 on Thursday. Sumitomo Realty & Development has a 12 month low of $18.00 and a 12 month high of $33.19. The company’s 50-day moving average price is $23.03 and its two-hundred day moving average price is $27.49.

Analyst Ratings Changes

Separately, The Goldman Sachs Group lowered 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.com, Sumitomo Realty & Development has a consensus rating of “Sell”.

Sumitomo Realty & Development Company Profile

Sumitomo Realty & Development Co, Ltd. (OTCMKTS:SURDF) is one of Japan’s foremost comprehensive real estate developers. Headquartered in Tokyo, the company engages in the development, leasing and management of a wide range of properties. Its portfolio spans office buildings, residential condominiums, retail facilities, hotels and leisure complexes, reflecting a diversified approach to land use and urban development.

In addition to its core property development activities, Sumitomo Realty provides integrated property management services, including leasing, maintenance and building operations.