Vonovia (OTCMKTS:VONOY) Lowered to “Strong Sell” Rating by Zacks Research

Zacks Research lowered shares of Vonovia (OTCMKTS:VONOY) from a hold rating to a strong sell rating in a report released on Wednesday,Zacks.com reports.

Separately, Deutsche Bank Aktiengesellschaft raised Vonovia from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Vonovia currently has a consensus rating of “Hold”.

Vonovia Trading Down 2.7%

Shares of VONOY opened at $11.50 on Wednesday. The stock has a market capitalization of $19.51 billion, a price-to-earnings ratio of 4.36 and a beta of 1.24. Vonovia has a 12 month low of $11.26 and a 12 month high of $17.05. The firm has a fifty day simple moving average of $12.09 and a 200 day simple moving average of $13.43.

Vonovia (OTCMKTS:VONOY) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. Vonovia had a net margin of 56.28% and a return on equity of 14.51%. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.01 billion. As a group, research analysts predict that Vonovia will post 0.97 earnings per share 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.