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

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

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

Vonovia Price Performance

Vonovia stock opened at $11.50 on Wednesday. The stock’s 50 day moving average is $12.09 and its 200 day moving average is $13.43. The firm has a market cap of $19.51 billion, a P/E ratio of 4.36 and a beta of 1.24. Vonovia has a one year low of $11.26 and a one year high of $17.05.

Vonovia (OTCMKTS:VONOY) last released its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Vonovia had a net margin of 56.28% and a return on equity of 14.51%. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.01 billion. Equities analysts anticipate that Vonovia will post 0.97 earnings per share for the current fiscal 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.