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

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

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Vonovia in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Vonovia Stock Performance

OTCMKTS:VONOY opened at $12.51 on Monday. Vonovia has a one year low of $11.70 and a one year high of $17.80. The business’s 50-day simple moving average is $13.07 and its 200 day simple moving average is $14.18. The stock has a market cap of $21.23 billion, a price-to-earnings ratio of 4.74 and a beta of 1.27.

Vonovia (OTCMKTS:VONOY) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. Vonovia had a return on equity of 14.79% and a net margin of 56.28%.The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.01 billion. On average, equities research analysts predict that Vonovia will post 1.22 EPS for the current 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.