Vonovia (OTCMKTS:VONOY) Releases Earnings Results

Vonovia (OTCMKTS:VONOY) announced its earnings results on Thursday. The company reported $0.25 EPS for the quarter, Zacks reports. Vonovia had a net margin of 56.28% and a return on equity of 14.79%. The firm had revenue of $1.48 billion for the quarter.

Vonovia Stock Performance

Shares of VONOY traded down $0.07 during trading hours on Friday, hitting $13.10. The company had a trading volume of 270,261 shares, compared to its average volume of 248,457. The firm has a fifty day moving average price of $13.72 and a 200-day moving average price of $14.43. The stock has a market capitalization of $22.23 billion, a price-to-earnings ratio of 4.85 and a beta of 1.27. Vonovia has a 52-week low of $11.70 and a 52-week high of $17.80.

Analyst Ratings Changes

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

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.