Vonovia (OTCMKTS:VONOY – Get Free Report) released its quarterly earnings data on Wednesday. The company reported $0.47 earnings per share (EPS) for the quarter, beating 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 VONOY stock traded down $0.29 on Wednesday, hitting $12.12. The company’s stock had a trading volume of 23,920 shares, compared to its average volume of 257,325. Vonovia has a fifty-two week low of $11.26 and a fifty-two week high of $17.05. The company has a market capitalization of $20.57 billion, a PE ratio of 4.59 and a beta of 1.23. The stock’s 50 day moving average is $12.01 and its 200-day moving average is $13.29.
Analysts Set New Price Targets
A number of brokerages recently commented on VONOY. Deutsche Bank Aktiengesellschaft upgraded shares of Vonovia from a “hold” rating to a “buy” rating in a research note on Thursday, June 25th. Zacks Research downgraded Vonovia from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 22nd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Vonovia has a consensus 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.
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