Vonovia (OTCMKTS:VONOY) Cut to “Strong Sell” at Zacks Research

Vonovia (OTCMKTS:VONOY) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Monday,Zacks.com reports.

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Vonovia in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Vonovia presently has a consensus rating of “Hold”.

Vonovia Price Performance

VONOY opened at $12.51 on Monday. The company has a market capitalization of $21.23 billion, a price-to-earnings ratio of 4.74 and a beta of 1.27. Vonovia has a 1-year low of $11.70 and a 1-year high of $17.80. The business has a 50 day moving average price of $13.07 and a two-hundred day moving average price of $14.18.

Vonovia (OTCMKTS:VONOY) last released its earnings results 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 during the quarter, compared to the consensus estimate of $1.01 billion. Vonovia had a return on equity of 14.79% and a net margin of 56.28%. Equities analysts expect that Vonovia will post 1.22 EPS for the current fiscal year.

About Vonovia

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.