Vonovia (OTCMKTS:VONOY) Shares Gap Up – Time to Buy?

Vonovia SE Unsponsored ADR (OTCMKTS:VONOY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $12.09, but opened at $12.87. Vonovia shares last traded at $12.9250, with a volume of 18,604 shares trading hands.

Wall Street Analysts Forecast Growth

VONOY has been the subject of several research reports. Deutsche Bank Aktiengesellschaft upgraded Vonovia from a “hold” rating to a “buy” rating in a research note on Thursday, June 25th. Zacks Research upgraded Vonovia from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Vonovia Price Performance

The firm has a market cap of $21.77 billion, a PE ratio of 4.86 and a beta of 1.24. The stock’s fifty day moving average price is $12.45 and its 200-day moving average price is $13.65.

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 the consensus estimate of $0.23 by $0.02. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.01 billion. Vonovia had a net margin of 56.28% and a return on equity of 14.51%. On average, sell-side analysts anticipate that Vonovia SE Unsponsored ADR will post 0.97 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.