LEG Immobilien (OTCMKTS:LEGIF) Shares Gap Up – Here’s What Happened

LEG Immobilien AG (OTCMKTS:LEGIF) shares gapped up prior to trading on Monday . The stock had previously closed at $70.40, but opened at $74.5889. LEG Immobilien shares last traded at $74.5889, with a volume of 138 shares.

LEG Immobilien Stock Performance

The business’s 50 day moving average price is $69.95 and its 200-day moving average price is $72.46. The firm has a market cap of $5.64 billion, a price-to-earnings ratio of 3.90 and a beta of 0.91.

LEG Immobilien (OTCMKTS:LEGIF) last posted its quarterly earnings results on Thursday, March 5th. The company reported $5.09 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $3.32. The business had revenue of $273.25 million during the quarter, compared to the consensus estimate of $232.50 million. LEG Immobilien had a return on equity of 16.27% and a net margin of 122.87%.

LEG Immobilien Company Profile

LEG Immobilien AG is one of Germany’s leading residential real estate companies, specializing in the development, acquisition and management of residential and commercial properties. Headquartered in Düsseldorf, the company focuses on providing affordable and sustainable living spaces to a diverse tenant base. Its core business includes the rental and technical management of housing units as well as value-enhancing modernization and maintenance services.

The company’s portfolio comprises approximately 130,000 residential units and several thousand commercial spaces, primarily located in North Rhine-Westphalia and adjacent German states.