Sumitomo Realty & Development (SURDF) to Release Quarterly Earnings on Thursday

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

Sumitomo Realty & Development Stock Performance

Sumitomo Realty & Development stock opened at $22.98 on Wednesday. Sumitomo Realty & Development has a 52-week low of $18.00 and a 52-week high of $33.19. The company’s 50 day moving average is $22.96 and its two-hundred day moving average is $27.41.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group cut Sumitomo Realty & Development from a “neutral” rating to a “sell” rating in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Sumitomo Realty & Development currently 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.