Vonovia (OTCMKTS:VONOY) Issues Quarterly Earnings Results

Vonovia (OTCMKTS:VONOY) issued its quarterly earnings data on Wednesday. The company reported $0.47 earnings per share (EPS) for the quarter, topping 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 Trading Down 2.3%

Shares of OTCMKTS:VONOY traded down $0.28 during midday trading on Wednesday, hitting $12.13. 25,370 shares of the stock were exchanged, compared to its average volume of 257,330. The company has a 50 day moving average price of $12.01 and a 200-day moving average price of $13.29. Vonovia has a twelve month low of $11.26 and a twelve month high of $17.05. The stock has a market cap of $20.58 billion, a P/E ratio of 4.59 and a beta of 1.23.

Analysts Set New Price Targets

Several brokerages have recently issued reports on VONOY. Deutsche Bank Aktiengesellschaft raised shares of Vonovia from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Zacks Research lowered shares of Vonovia from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 22nd. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Vonovia presently has an average rating of “Hold”.

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.