Vonovia (OTCMKTS:VONOY) Raised to Hold at Zacks Research

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

Separately, Deutsche Bank Aktiengesellschaft raised Vonovia from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Vonovia has a consensus rating of “Moderate Buy”.

Vonovia Stock Up 0.6%

Shares of Vonovia stock opened at $11.56 on Monday. Vonovia has a 52-week low of $11.26 and a 52-week high of $17.05. The company has a market capitalization of $19.62 billion, a P/E ratio of 4.00 and a beta of 1.23. The company has a 50 day moving average of $11.99 and a 200 day moving average of $13.01.

Vonovia (OTCMKTS:VONOY) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.24. Vonovia had a net margin of 61.85% and a return on equity of 15.40%. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.01 billion. As a group, research analysts anticipate that Vonovia 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.