Vonovia (OTCMKTS:VONOY) Reaches New 52-Week Low – Here’s What Happened

Vonovia SE Unsponsored ADR (OTCMKTS:VONOY)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $11.28 and last traded at $11.3430, with a volume of 224558 shares trading hands. The stock had previously closed at $11.43.

Wall Street Analysts Forecast Growth

VONOY has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Vonovia in a report on Tuesday, May 5th. Zacks Research cut shares of Vonovia from a “hold” rating to a “strong sell” rating in a report on Monday, May 25th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Vonovia Stock Up 0.3%

The stock has a market cap of $19.46 billion, a price-to-earnings ratio of 4.34 and a beta of 1.24. The stock’s 50 day moving average price is $12.89 and its two-hundred day moving average price is $13.95.

Vonovia (OTCMKTS:VONOY) last released its quarterly earnings data 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. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.01 billion. Vonovia had a net margin of 56.28% and a return on equity of 14.51%. On average, analysts predict that Vonovia SE Unsponsored ADR 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.