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

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

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

Vonovia Stock Performance

Vonovia stock opened at $11.56 on Monday. Vonovia has a fifty-two week low of $11.26 and a fifty-two week high of $17.05. The business’s 50-day simple moving average is $11.99 and its two-hundred day simple moving average is $13.01. The company has a market cap of $19.62 billion, a PE ratio of 4.00 and a beta of 1.23.

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