Vonovia (OTCMKTS:VONOY) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of Vonovia (OTCMKTS:VONOY) from a strong sell rating to a hold rating in a report released on Tuesday morning,Zacks.com reports.

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of Vonovia from a “hold” rating to a “buy” rating in a report on Thursday. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Vonovia Price Performance

Shares of VONOY stock opened at $11.77 on Tuesday. The firm’s 50-day simple moving average is $12.62 and its 200-day simple moving average is $13.72. Vonovia has a 1-year low of $11.26 and a 1-year high of $17.80. The firm has a market cap of $19.97 billion, a P/E ratio of 4.46 and a beta of 1.24.

Vonovia (OTCMKTS:VONOY) last released its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Vonovia had a net margin of 56.28% and a return on equity of 14.51%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.01 billion. Analysts expect that Vonovia will post 1.43 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.