LEG Immobilien with new Deutsche Bank target, shares react to dividend in MDAX
25.06.2026 - 21:46:18 | ad-hoc-news.de
By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-25, 21:45.
LEG Immobilien (DE000LEG1110) sits in the German MDAX with fresh analyst input from Deutsche Bank and a completed scrip dividend for the 2025 financial year. The shares trade on Xetra in the low-50-euro range while the broker trims its target to 67 euros but reiterates a Buy stance.
What Deutsche Bank is changing
In a new research note dated 25 June 2026, Deutsche Bank Research lowers its target price for LEG Immobilien from 75 to 67 euros but keeps the rating at Buy, according to a summary on MarketScreener. Analyst Thomas Rothäusler argues that the valuation remains attractive despite sector headwinds in German residential property. The new target still implies a meaningful upside versus the current share price around 54 euros on Xetra.
The Deutsche Bank move comes as German housing peers such as Vonovia and TAG Immobilien also attract broker attention, with Vonovia shares recently supported by a separate Buy recommendation from the same bank. In MDAX trading, LEG shares were among the stronger names in the mid-cap index alongside TAG, reflecting renewed interest in listed landlords after a muted first half.
Dividend reinvestment adds equity
LEG Immobilien has just completed its scrip dividend program for the 2025 financial year, offering shareholders the option to receive new shares instead of a cash payout. According to a detailed report from Goldesel Research, investors chose to reinvest 63.1 million euros via new shares, while the remainder will be distributed as a cash dividend. The booking of the new shares and the payment of the cash portion, including compensation for fractional amounts, are scheduled for 6 July 2026.
This capital measure slightly strengthens the company’s equity base without a traditional rights issue, which is notable in a sector still coping with higher interest costs. At the same time, the MDAX constituent maintains its policy of returning capital to shareholders, balancing balance-sheet resilience with ongoing distributions.
All news and analysis on the LEG Immobilien shares
Key figures from analysts and details on capital measures like the scrip dividend can be found in the dedicated topic overview.
How LEG Immobilien earns its money
LEG Immobilien generates the bulk of its revenue from renting out residential apartments, primarily in North Rhine-Westphalia and other urban regions in Germany. The group focuses on affordable and mid-market housing, managing a portfolio of well over 100,000 units across multiple cities. Income streams include basic rent, service charges and, to a smaller extent, selective asset recycling through the sale of non-core properties.
Where the shares trade today
The LEG Immobilien shares (DE000LEG1110) last traded on Xetra at 54.05 euros on 2026-06-25, 09:00, based on data from Lang & Schwarz referenced by Goldesel Research.
Key data on the LEG Immobilien shares
- Company: LEG Immobilien SE
- ISIN: DE000LEG1110
- WKN: LEG111
- Ticker: LEG
- Trading venue: Xetra
- Price (as of 2026-06-25, 09:00): 54.05 EUR
- Market cap: 3.6 billion EUR (as of 2026-06-25)
- Sector / industry: Real Estate / Residential
- Index membership: MDAX
- Next earnings date: not officially scheduled
This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell securities.
