Goldman Sachs cuts LEG target to EUR 50.20: LEG Immobilien stock sits 9.24 percent below target

Published on 10/05/2026 at 11:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 1.20 percent to EUR 366.20 million. LEG Immobilien stock costs EUR 45.56 on October 5, 2026 versus EUR 45.32.

3D-Architekturrendering eines modernen Wohnhochhauses mit Glasfassade und Platz — LEG Immobilien SE (DE000LEG1110) entwickelt moderne Wohntürme in deutschen Großstädten, visualisiert als zeitgenössisches Architektur-Rendering, Illustration mit AI erstellt.

LEG Immobilien stock was trading at EUR 45.56 at Lang & Schwarz on October 5, 2026, up 0.53 percent versus the prior close of EUR 45.32. Goldman Sachs cut its target from EUR 64.50 to EUR 50.20 and kept a Neutral rating on September 7, 2026, leaving the price 9.24 percent below that target, according to finanzen.at.

Goldman Sachs resets valuation

Goldman Sachs cited a cautious tone linked to rising interest rates and adjusted its estimates and cost-of-capital assumptions. The same analysis said LEG Immobilien's operating trends, particularly rent growth, remained solid, creating a clear split between operating performance and valuation pressure.

Second-quarter figures stay positive

For the second quarter of 2026, revenue rose 1.20 percent year over year to EUR 366.20 million, while earnings per share declined to EUR 2.70 from EUR 2.73. Net income was EUR 203.70 million, unchanged from the second quarter of 2025, according to Simply Wall St.

Guidance points to stronger second half

Management's first-half 2026 figures point to a more back-loaded year. Adjusted EBITDA increased 2.30 percent to EUR 368.10 million, while adjusted funds from operations reached EUR 110.50 million and full-year guidance remained EUR 220.00 million to EUR 240.00 million, according to the Yahoo Finance transcript.

The operating message matters because the valuation reset is not paired with a collapse in rent generation. It instead places greater weight on financing costs, balance-sheet leverage and the conversion of rent growth into recurring cash flow.

LEG stock remains below yearly high

LEG Immobilien's market capitalization was EUR 3.5 billion on October 5, 2026. Its 52-week range was EUR 44.72 to EUR 71.65, putting the Lang & Schwarz price 36.41 percent below the yearly high. The company is scheduled to publish its third-quarter 2026 report on November 12, 2026, according to LEG Immobilien.

LEG Immobilien was trading at EUR 45.56 at Lang & Schwarz on October 5, 2026 at 11:33 a.m. CEST, up 0.53 percent versus the EUR 45.32 prior close of October 2, 2026. The further course of trading is shown by the continuously updated real-time quote of LEG Immobilien stock.