Vonovia (OTCMKTS:VONOY) Sees Strong Trading Volume – What’s Next?

Vonovia SE Unsponsored ADR (OTCMKTS:VONOY) saw unusually-high trading volume on Tuesday. Approximately 843,833 shares traded hands during trading, an increase of 183% from the previous session’s volume of 297,661 shares. The stock last traded at $9.2449 and had previously closed at $9.13.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Vonovia from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. Zacks Research raised shares of Vonovia from a “strong sell” rating to a “hold” rating in a research report on Monday, August 24th. Finally, The Goldman Sachs Group downgraded shares of Vonovia from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 7th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Vonovia presently has an average rating of “Hold”.

Vonovia Stock Performance

The stock has a fifty day moving average price of $10.73 and a 200-day moving average price of $11.88. The firm has a market capitalization of $15.69 billion, a PE ratio of 3.20 and a beta of 1.22.

Vonovia (OTCMKTS:VONOY) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.47 EPS 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 analyst estimates of $1.01 billion. Vonovia had a return on equity of 15.40% and a net margin of 61.85%. Research analysts expect that Vonovia SE Unsponsored ADR will post 1.07 earnings per share for the current fiscal year.

Vonovia Company Profile

Vonovia SE is a Germany-based residential real estate company that owns, manages and develops housing properties. Its portfolio primarily consists of apartments for private tenants, along with related residential and community facilities.

The company provides property management, maintenance, modernization and tenant services. Vonovia also offers energy-related solutions and invests in measures intended to improve the efficiency and quality of its buildings, including renovations and new residential construction.

Vonovia serves residential markets mainly in Germany, Sweden and Austria.