Vonovia (OTCMKTS:VONOY) Stock Rating Lowered by Zacks Research

Vonovia (OTCMKTS:VONOY) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

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

Vonovia Trading Up 2.3%

Shares of Vonovia stock opened at $12.51 on Monday. The company has a 50 day moving average of $13.07 and a 200-day moving average of $14.18. Vonovia has a 1-year low of $11.70 and a 1-year high of $17.80. The company has a market cap of $21.23 billion, a PE ratio of 4.74 and a beta of 1.27.

Vonovia (OTCMKTS:VONOY) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Vonovia had a net margin of 56.28% and a return on equity of 14.79%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.01 billion. Research analysts forecast that Vonovia 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.