Vonovia (OTCMKTS:VONOY) Issues Earnings Results, Beats Expectations By $0.24 EPS

Vonovia (OTCMKTS:VONOY) posted its quarterly earnings data on Wednesday. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.24, Zacks reports. Vonovia had a return on equity of 14.51% and a net margin of 56.28%.

Vonovia Stock Performance

Shares of OTCMKTS VONOY traded down $0.29 during trading hours on Wednesday, hitting $12.12. 23,920 shares of the stock were exchanged, compared to its average volume of 257,325. The company’s fifty day simple moving average is $12.01 and its two-hundred day simple moving average is $13.29. The company has a market cap of $20.57 billion, a PE ratio of 4.59 and a beta of 1.23. Vonovia has a 1-year low of $11.26 and a 1-year high of $17.05.

Analyst Ratings Changes

VONOY has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded Vonovia from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Zacks Research cut Vonovia from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 22nd. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Vonovia has an average rating of “Hold”.

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.