Vonovia (OTCMKTS:VONOY) Lowered to “Strong Sell” Rating by Zacks Research

Zacks Research cut shares of Vonovia (OTCMKTS:VONOY) from a hold rating to a strong sell rating in a research note released on Monday morning,Zacks.com reports.

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Vonovia in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Vonovia currently has an average rating of “Hold”.

Vonovia Price Performance

VONOY opened at $12.51 on Monday. Vonovia has a fifty-two week low of $11.70 and a fifty-two week high of $17.80. The business has a 50-day moving average of $13.07 and a 200-day moving average of $14.18. The company has a market capitalization of $21.23 billion, a PE ratio of 4.74 and a beta of 1.27.

Vonovia (OTCMKTS:VONOY) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Vonovia had a return on equity of 14.79% and a net margin of 56.28%.The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.01 billion. On average, equities research analysts expect that Vonovia will post 1.22 earnings per share for the current fiscal year.

Vonovia Company Profile

Vonovia SE is a Germany-based residential real estate company headquartered in Bochum that owns, manages and develops rental housing. Its core activities center on long-term residential leasing, property and facility management, maintenance and modernization of apartment portfolios, and project development. Vonovia provides tenant services and operational support to maintain and upgrade its buildings, with an increasing focus on energy-efficiency measures and building refurbishments to modernize stock and reduce operating costs.

The company traces its roots to Deutsche Annington and adopted the Vonovia name following a period of consolidation and growth; it has expanded through a series of acquisitions to become one of the largest residential landlords in Germany.