Vonovia (OTCMKTS:VONOY) Issues Earnings Results

Vonovia (OTCMKTS:VONOY) released its quarterly earnings data on Thursday. The company reported $0.25 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $1.48 billion during the quarter. Vonovia had a return on equity of 14.79% and a net margin of 56.28%.

Vonovia Stock Performance

VONOY traded down $0.07 on Friday, reaching $13.10. The company had a trading volume of 270,261 shares, compared to its average volume of 248,457. The stock has a market cap of $22.23 billion, a P/E ratio of 4.85 and a beta of 1.27. The company’s fifty day moving average is $13.72 and its 200 day moving average is $14.43. Vonovia has a fifty-two week low of $11.70 and a fifty-two week high of $17.80.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Vonovia in a report on Tuesday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Vonovia presently has a consensus rating of “Moderate Buy”.

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.