LEG Immobilien

DE000LEG1110

LEG Immobilien AG (Landesentwicklungsgesellschaft)is a German property company. As of 2016, it is a constituent of the MDAX trading index of German mid-cap companies.The company was established as a housing provider operating in the German Land of Nordrhein-Westfalen. It was later privatised and currently operates as an Aktiengesellschaft (publicly traded company). The headquarters is located in Düsseldorf, the Land capital (Landeshauptstadt) of Nordrhein-Westfalen. As of 2016, the company has around 1000 employees and holds around 130,000 apartments and properties. A takeover bid by Deutsche Wohnen failed in 2015.

LEG Immobilien has been a target of short sellers for a while. The current short interest of 2.65% is roughly at the average of the last 12 months (1.76%). Recently, short selling has increased slightly.

History