LEG sells Düsseldorf site. Jefferies cuts LEG Immobilien stock target to EUR 72

Published on 10/16/2026 at 10:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

October 14 brought 1,600 to 1,800 planned homes. LEG Immobilien stock costs EUR 46.73 on October 16, 2026, 0.11 percent above the Xetra close.

Housing transaction and analyst view

LEG accepted the Glasmacherviertel offer on October 14, 2026, with 1,600 to 1,800 homes planned.
First-half 2026 AFFO reached EUR 110.5 million, down 12.70 percent year over year.
LEG Immobilien stock trades at EUR 46.73 at 10:04 a.m. CEST on October 16, 2026, 0.11 percent above the Xetra close of October 15, 2026.
Jefferies cut its LEG target from EUR 82 to EUR 72 on October 14, 2026.

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LEG Immobilien (ISIN DE000LEG1110) was trading at EUR 46.73 at Lang & Schwarz on October 16, 2026, at 10:04 a.m. CEST, 0.11 percent above the Xetra close of October 15, 2026 at EUR 46.68. On October 14, 2026, the company sold the Glasmacherviertel site in Düsseldorf-Gerresheim to a joint venture of Hines and Vastint, with 1,600 to 1,800 homes planned, according to LEG Immobilien.

Sale adds a development milestone

The transaction covers a 193,000-square-meter former industrial site. The buyers' concept includes 210,000 square meters of gross floor area, with at least 80 percent designated for housing, the company said in its October 14, 2026 release.

Three dated LEG milestones

In March 2026, Hines and LEG agreed a purchase option for the site, which covers 193,000 square meters. On August 4, 2026, LEG reported first-half AFFO of EUR 110.5 million, down 12.70 percent from EUR 126.6 million in the first half of 2025, according to the Yahoo Finance transcript. The October 14, 2026 sale was the latest milestone, with 1,600 to 1,800 homes planned.

What does the EUR 72 target imply?

Jefferies analyst Stephanie Dossmann cut the target from EUR 82 to EUR 72 on October 14, 2026, while keeping a Buy rating, as reported by TipRanks. The new target lies 54.08 percent above the Lang & Schwarz price. Jefferies also cited the risk of further valuation declines as higher-for-longer interest rates reshape capital allocation.

Next reporting dates

LEG's next scheduled company date is the third-quarter 2026 update on November 12, 2026. The investor-relations calendar also lists a Kepler Cheuvreux real estate conference on November 13, 2026, according to LEG Immobilien.

Price holds above the close

The current gap to the Xetra close is limited to 0.11 percent, while the primary market data show a 52-week range of EUR 44.30 to EUR 71.65 and a market capitalization of EUR 3.6 billion as of October 16, 2026. The combination of a new development transaction, confirmed first-half operating figures and a lower analyst target gives investors three separate reference points. LEG Immobilien was trading at EUR 46.73 at Lang & Schwarz on October 16, 2026, at 10:04 a.m. CEST, 0.11 percent above the Xetra close of October 15, 2026 at EUR 46.68. The further course of trading is shown by the continuously updated real-time quote of LEG Immobilien stock.