LEG Immobilien (OTCMKTS:LEGIF) Announces Quarterly Earnings Results

LEG Immobilien (OTCMKTS:LEGIF) announced its quarterly earnings results on Thursday. The company reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.94 by ($0.78), Zacks reports. LEG Immobilien had a net margin of 106.86% and a return on equity of 14.47%.

LEG Immobilien Stock Performance

Shares of LEGIF stock remained flat at $60.15 on Thursday. The firm has a market cap of $4.55 billion, a PE ratio of 3.41 and a beta of 0.96. The business has a 50-day simple moving average of $60.14 and a 200 day simple moving average of $64.47. LEG Immobilien has a 52-week low of $58.68 and a 52-week high of $85.41.

Analysts Set New Price Targets

LEGIF has been the topic of several recent research reports. Jefferies Financial Group reiterated a “buy” rating on shares of LEG Immobilien in a research report on Wednesday, October 14th. Morgan Stanley downgraded shares of LEG Immobilien from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, October 20th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, LEG Immobilien currently has a consensus rating of “Hold”.

About LEG Immobilien

LEG Immobilien SE is a German residential property company that owns, manages and develops housing, with a focus on rental apartments. Its activities also include property management and services for tenants, as well as maintaining and modernizing its buildings. The company’s roots date to 1970, when it was established as the state-owned Landesentwicklungsgesellschaft Nordrhein-Westfalen. It was privatized in 2008 and later became a publicly listed real estate company. LEG’s portfolio is concentrated in North Rhine-Westphalia, Germany’s most populous state, and it also has residential properties in other parts of Germany.