Vonovia (OTCMKTS:VONOY) Sets New 52-Week Low – Here’s Why

Vonovia SE Unsponsored ADR (OTCMKTS:VONOY) reached a new 52-week low during trading on Monday . The company traded as low as $11.12 and last traded at $11.13, with a volume of 5108 shares traded. The stock had previously closed at $11.53.

Analyst Ratings Changes

VONOY has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised Vonovia from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. Zacks Research raised shares of Vonovia from a “strong sell” rating to a “hold” rating in a report on Monday, August 24th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Vonovia Stock Performance

The company has a market capitalization of $18.80 billion, a price-to-earnings ratio of 3.83 and a beta of 1.23. The business’s 50 day moving average price is $11.97 and its two-hundred day moving average price is $12.94.

Vonovia (OTCMKTS:VONOY) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.24. Vonovia had a return on equity of 15.40% and a net margin of 61.85%.The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.01 billion. On average, sell-side analysts expect that Vonovia SE Unsponsored ADR will post 0.97 earnings per share for the current 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.