LEG Immobilien SE (LEG.DE)
- Simply Wall St.
The one-year shareholder returns and company earnings persist lower as LEG Immobilien (ETR:LEG) stock falls a further 17% in past week
It's easy to match the overall market return by buying an index fund. Active investors aim to buy stocks that vastly...
- Reuters
UPDATE 2-European shares dragged lower by real estate, rate hike worries
European shares ended lower on Thursday, with real estate stocks leading the falls, as investors grew increasingly worried about the prospects of interest rates remaining higher for longer. The real estate sector dropped 3.2% to more than two month lows, with shares in Germany's LEG Immobilien tumbling 11.4% after the firm suspended its dividend.
- Reuters
European shares dragged lower by real estate, rate hike worries
European shares ended lower on Thursday, with real estate stocks leading the falls, as investors grew increasingly worried about the prospects of interest rates remaining higher for longer. The real estate sector dropped 3.2% to more than two month lows, with shares in Germany's LEG Immobilien tumbling 11.4% after the firm suspended its dividend. "It's fairly obvious that real estate companies would come under pressure in a higher interest rate environment and (LEG Immobilien) comments definitely got people thinking in a different light about companies and their ability to handle economic uncertainties," said Steve Sosnick, chief strategist at Interactive Brokers.
