LEG Immobilien (LEGIF) Set to Announce Quarterly Earnings on Thursday

LEG Immobilien (OTCMKTS:LEGIF) is projected to release its results before the market opens on Thursday, November 12th. Analysts expect the company to announce earnings of $1.94 per share and revenue of $212.52 million for the quarter.

LEG Immobilien Price Performance

Shares of LEG Immobilien stock opened at $60.15 on Tuesday. The firm has a market cap of $4.55 billion, a price-to-earnings ratio of 3.17 and a beta of 0.96. The stock’s 50-day moving average is $60.14 and its 200-day moving average is $64.58. LEG Immobilien has a one year low of $58.68 and a one year high of $85.41.

Analyst Ratings Changes

Several research analysts have weighed in on LEGIF shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of LEG Immobilien in a research report on Wednesday, October 14th. Morgan Stanley downgraded LEG Immobilien from an “equal weight” rating to an “underweight” rating in a report on Tuesday, October 20th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average 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.