Vonovia (OTCMKTS:VONOY) Hits New 1-Year Low – Here’s What Happened

Vonovia SE Unsponsored ADR (OTCMKTS:VONOY) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as $10.54 and last traded at $10.89, with a volume of 3930 shares. The stock had previously closed at $11.05.

Analyst Ratings Changes

VONOY has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised Vonovia from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. The Goldman Sachs Group lowered shares of Vonovia to a “neutral” rating in a research note on Monday. Finally, Zacks Research raised shares of Vonovia from a “strong sell” rating to a “hold” rating in a report on Monday, August 24th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Vonovia Stock Performance

The firm has a market cap of $18.50 billion, a price-to-earnings ratio of 3.77 and a beta of 1.22. The firm has a 50-day moving average price of $11.87 and a two-hundred day moving average price of $12.75.

Vonovia (OTCMKTS:VONOY) last posted its earnings results on Wednesday, August 5th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.24. The firm 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%. Research analysts anticipate that Vonovia SE Unsponsored ADR 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.