Vonovia (OTCMKTS:VONOY) Reaches New 12-Month Low – Time to Sell?

Vonovia SE Unsponsored ADR (OTCMKTS:VONOY) shares hit a new 52-week low on Friday . The stock traded as low as $11.61 and last traded at $11.63, with a volume of 86013 shares traded. The stock had previously closed at $11.87.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VONOY. Zacks Research cut shares of Vonovia from a “hold” rating to a “strong sell” rating in a research report on Monday, May 25th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Vonovia in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Vonovia Price Performance

The firm has a market cap of $19.67 billion, a P/E ratio of 4.39 and a beta of 1.24. The stock’s 50-day simple moving average is $12.95 and its two-hundred day simple moving average is $14.05.

Vonovia (OTCMKTS:VONOY) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Vonovia had a net margin of 56.28% and a return on equity of 14.51%. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.01 billion. As a group, sell-side analysts expect that Vonovia SE Unsponsored ADR will post 1.22 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.