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

LEG Immobilien (OTCMKTS:LEGIF) announced its quarterly earnings results on Thursday. The company reported $1.16 earnings per share for the quarter, missing the consensus estimate 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 Price Performance

Shares of LEGIF stock remained flat at $60.15 during mid-day trading on Thursday. LEG Immobilien has a fifty-two week low of $58.68 and a fifty-two week high of $85.41. The stock’s 50-day moving average price is $60.14 and its two-hundred day moving average price is $64.47. The company has a market capitalization of $4.55 billion, a P/E ratio of 3.41 and a beta of 0.96.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Jefferies Financial Group restated a “buy” rating on shares of LEG Immobilien in a research note on Wednesday, October 14th. Morgan Stanley cut shares of LEG Immobilien from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, October 20th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, LEG Immobilien 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.