Vonovia (OTCMKTS:VONOY) Upgraded by Zacks Research to Hold Rating

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

Separately, Deutsche Bank Aktiengesellschaft raised shares of Vonovia from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Vonovia currently has an average rating of “Moderate Buy”.

Vonovia Trading Up 0.6%

VONOY opened at $11.56 on Monday. The stock’s 50-day moving average price is $11.99 and its 200 day moving average price is $13.01. Vonovia has a 12-month low of $11.26 and a 12-month high of $17.05. The firm has a market cap of $19.62 billion, a price-to-earnings ratio of 4.00 and a beta of 1.23.

Vonovia (OTCMKTS:VONOY) last announced its earnings results on Wednesday, August 5th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.24. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Vonovia had a return on equity of 15.40% and a net margin of 61.85%. On average, research analysts forecast that Vonovia will post 0.97 earnings per share 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.