LEG Immobilien (OTCMKTS:LEGIF) Releases Earnings Results, Misses Estimates By $0.78 EPS

LEG Immobilien (OTCMKTS:LEGIF) posted its quarterly earnings data 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

OTCMKTS LEGIF remained flat at $60.15 during trading hours on Thursday. The company has a market capitalization of $4.55 billion, a P/E ratio of 3.41 and a beta of 0.96. The firm has a 50 day simple moving average of $60.14 and a two-hundred day simple moving average of $64.47. LEG Immobilien has a 12 month low of $58.68 and a 12 month high of $85.41.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Morgan Stanley cut shares of LEG Immobilien from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, October 20th. Jefferies Financial Group reaffirmed a “buy” rating on shares of LEG Immobilien in a research report on Wednesday, October 14th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

LEG Immobilien Company Profile

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.