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

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

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

Vonovia Stock Down 2.7%

Vonovia stock opened at $11.50 on Wednesday. The company has a 50 day moving average of $12.09 and a 200-day moving average of $13.43. The stock has a market capitalization of $19.51 billion, a PE ratio of 4.36 and a beta of 1.24. Vonovia has a twelve month low of $11.26 and a twelve month high of $17.05.

Vonovia (OTCMKTS:VONOY) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Vonovia had a net margin of 56.28% and a return on equity of 14.51%. Equities analysts anticipate 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.