Rating Report: LEG Immobilien (ETR:LEG)’s Is Reaching An Inflection Point; Bankhaus Lampe KG Upgrades It

November 23, 2016 - By Richard Conner

Rating Report:  LEG Immobilien (ETR:LEG)'s Is Reaching An Inflection Point; Bankhaus Lampe KG Upgrades It

LEG Immobilien (ETR:LEG) Upgrade

In a analysts note sent to investors and clients on Wednesday morning, Bankhaus Lampe KG has raised LEG Immobilien (ETR:LEG) stock to a “Buy” and has set a 12month PT at EUR 89.00. Bankhaus Lampe KG’s target is 26.42% from LEG’s last price.

LEG Immobilien AG (ETR:LEG) Ratings Coverage

Out of 16 analysts covering LEG Immobilien (ETR:LEG), 7 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 44% are positive. €106 is the highest target while €73 is the lowest. The €87.53 average target is 22.45% above today’s (€71.48) stock price. LEG Immobilien has been the topic of 66 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The rating was upgraded by Bankhaus Lampe to “Buy” on Tuesday, October 6. The stock has “Buy” rating given by Societe Generale on Friday, December 11. The stock of LEG Immobilien AG (ETR:LEG) has “Buy” rating given on Friday, January 8 by Warburg Research. The company was maintained on Saturday, May 28 by Societe Generale. Citigroup maintained the shares of LEG in a report on Thursday, September 15 with “Neutral” rating. Baader Wertpapierhandelsbank maintained the stock with “Hold” rating in Wednesday, March 16 report. The firm earned “Buy” rating on Tuesday, November 3 by Societe Generale. The stock has “Neutral” rating given by BNP Paribas on Wednesday, January 20. Landesbank maintained the shares of LEG in a report on Friday, March 11 with “Hold” rating. The company was upgraded on Friday, March 11 by Berenberg.

About 48,992 shares traded hands. LEG Immobilien AG (ETR:LEG) has risen 4.25% since April 21, 2016 and is uptrending. It has underperformed by 1.07% the S&P500.

Insitutional Activity: The institutional sentiment increased to 1.58 in Q2 2016. Its up 0.64, from 0.94 in 2016Q1. The ratio improved, as 35 funds sold all LEG Immobilien AG shares owned while 149 reduced positions. 38 funds bought stakes while 135 increased positions. They now own 87.86 million shares or 5.35% less from 92.82 million shares in 2016Q1.

The Texas-based Fcm Tx has invested 0.33% in LEG Immobilien AG (ETR:LEG). Welch Group Inc Limited Liability Corporation has invested 3.11% of its portfolio in LEG Immobilien AG (ETR:LEG). Thomaspartners has 2.11% invested in the company for 3.15 million shares. First Houston Cap Inc accumulated 14,700 shares or 0.69% of the stock. Dearborn Ltd Co has 0.98% invested in the company for 221,292 shares. Suntrust Banks owns 44,185 shares or 0.01% of their US portfolio. Moreover, Hancock has 0.62% invested in LEG Immobilien AG (ETR:LEG) for 288,926 shares. Stock Yards Bancorporation And Trust Company accumulated 47,500 shares or 0.32% of the stock. Kcm Invest Limited Liability Company holds 0.04% or 11,618 shares in its portfolio. Tocqueville Asset Mgmt Lp last reported 10,025 shares in the company. Blackrock Invest Management Lc last reported 0.02% of its portfolio in the stock. Voya Invest Mngmt Lc last reported 0.01% of its portfolio in the stock. Allstate reported 136,418 shares or 0.46% of all its holdings. Blackrock Advisors Llc last reported 55,292 shares in the company. The Iowa-based Principal Financial Incorporated has invested 0.02% in LEG Immobilien AG (ETR:LEG).

Insider Transactions: Since May 24, 2016, the stock had 0 insider buys, and 6 selling transactions for $2.64 million net activity. Another trade for 1,000 shares valued at $49,500 was made by Douglas Scott S on Tuesday, November 15. The insider GLASSMAN KARL G sold 20,000 shares worth $1.05M. 20,000 shares with value of $1.02 million were sold by FLANIGAN MATTHEW C on Friday, June 3. 3,000 shares were sold by PARK DENNIS S, worth $157,440. $201,047 worth of LEG Immobilien AG (ETR:LEG) was sold by ENLOE ROBERT TED III on Tuesday, May 24. $262,527 worth of LEG Immobilien AG (ETR:LEG) shares were sold by ODOM JUDY C.

LEG Immobilien AG is a Germany-based residential real estate firm as well as the holding firm of the LEG Group. The company has a market cap of 4.52 billion EUR. The Group’s portfolio primarily comprises real estate properties located in the North Rhine Westphalia region in Germany. It has a 13.35 P/E ratio. The portfolio is devised into three regions: the Rhineland, the Ruhr and the Westphalia region.

According to Zacks Investment Research, “Leggett & Platt, Inc. is one of the leading manufacturers of engineered products serving several major markets. Sales and production are focused on residential furnishings, commercial furnishings, aluminum products, industrial materials, and specialized products. The company has facilities throughout North America and in numerous international locations. (Company Press Release)”

LEG Company Profile

Leggett & Platt, Incorporated, incorporated on February 23, 1901, is a maker that conceives, creates and produces a range of engineered components and products found in homes, offices, automobiles and commercial aircraft. The Firm operates in four divisions: Residential Furnishings, Commercial Products, Industrial Materials and Specialized Products. The Company’s brands include ComfortCore, Mira-Coil, VertiCoil, Lura-Flex and Superlastic, which offer mattress innersprings; Semi-Flex, which makes box spring components and foundations; Active Support Technology, which makes mattress innersprings; Wall Hugger, which makes recliner chair mechanisms; Super Sagless, which makes motion and sofa sleeper mechanisms; No-Sag, which makes wire forms used in seating; LPSense, which offers capacitive sensing; Hanes, which offers fabric materials; Schukra, Pullmaflex and Flex-O-Lator, which provide automotive seating products, and Gribetz and Porter, which manufacture quilting and sewing machines.

More notable recent LEG Immobilien AG (ETR:LEG) news were published by: Seekingalpha.com which released: “Leg Immobilien: Solid Growth” on November 10, 2016, also Moodys.com with their article: “Moody’s assigns Baa1 rating to LEG Immobilien; stable outlook” published on May 13, 2015, Moodys.com published: “Moody’s changes outlook on LEG Immobilien’s Baa1 rating to stable following …” on October 23, 2015. More interesting news about LEG Immobilien AG (ETR:LEG) were released by: Marketwatch.com and their article: “Deutsche Wohnen won’t pursue LEG Immobilien merger” published on October 21, 2015 as well as Bloomberg.com‘s news article titled: “Deutsche Wohnen Slumps After Offering to Buy LEG in Record Deal” with publication date: September 20, 2015.

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