Vonovia (OTCMKTS:VONOY – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02), Zacks reports. Vonovia had a net margin of 61.85% and a return on equity of 15.40%.
Vonovia Stock Up 5.1%
Shares of OTCMKTS VONOY traded up $0.46 during mid-day trading on Wednesday, hitting $9.48. 178,486 shares of the company traded hands, compared to its average volume of 329,277. Vonovia has a 1 year low of $8.60 and a 1 year high of $17.05. The stock has a market capitalization of $16.09 billion, a price-to-earnings ratio of 3.28 and a beta of 1.25. The business has a 50 day moving average of $9.89 and a two-hundred day moving average of $12.34.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on VONOY shares. Morgan Stanley cut shares of Vonovia to an “underweight” rating in a research note on Tuesday, October 20th. Jefferies Financial Group restated a “buy” rating on shares of Vonovia in a report on Wednesday, October 14th. The Goldman Sachs Group cut shares of Vonovia from a “strong-buy” rating to a “hold” rating in a report on Monday, September 7th. Oddo Bhf lowered shares of Vonovia to a “neutral” rating in a research report on Thursday, October 29th. Finally, Zacks Research raised Vonovia from a “strong sell” rating to a “hold” rating in a report on Monday, August 24th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Vonovia currently has a consensus rating of “Hold”.
View Our Latest Report on VONOY
About Vonovia
Vonovia SE is a European residential real estate company headquartered in Bochum, Germany. The company owns, manages and develops residential properties, with a portfolio focused primarily on apartments and homes for individuals and families.
Its activities include property management, tenant services, building maintenance, modernization and the development of new residential projects. Vonovia also provides related services such as energy solutions, technical building operations and other services intended to support the management and improvement of its properties.
Vonovia serves tenants primarily in Germany, Austria and Sweden.
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