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

Sumitomo Realty & Development (OTCMKTS:SURDF) is projected to post 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 Price Performance

Shares of SURDF remained flat at $20.49 during trading hours on Tuesday. 4 shares of the stock traded hands, compared to its average volume of 998. The company has a 50-day moving average price of $20.38 and a 200 day moving average price of $25.36. Sumitomo Realty & Development has a 52-week low of $18.42 and a 52-week high of $33.19.

Analysts Set New Price Targets

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

About Sumitomo Realty & Development

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.