Vonovia (OTCMKTS:VONOY) Rating Increased to Hold at Zacks Research

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

Separately, Deutsche Bank Aktiengesellschaft upgraded Vonovia from a “hold” rating to a “buy” rating in a report on Thursday. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Vonovia Trading Up 2.7%

VONOY opened at $11.77 on Tuesday. The stock has a market capitalization of $19.97 billion, a P/E ratio of 4.46 and a beta of 1.24. The stock has a 50-day moving average price of $12.62 and a 200-day moving average price of $13.72. Vonovia has a 12-month low of $11.26 and a 12-month high of $17.80.

Vonovia (OTCMKTS:VONOY) last released its earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.01 billion. Vonovia had a net margin of 56.28% and a return on equity of 14.51%. On average, equities research analysts predict that Vonovia will post 1.43 EPS 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.