Vonovia (OTCMKTS:VONOY) Cut 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 research note issued on Wednesday,Zacks.com reports.

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of Vonovia from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Vonovia Stock Down 2.7%

OTCMKTS:VONOY opened at $11.50 on Wednesday. Vonovia has a twelve month low of $11.26 and a twelve month high of $17.05. The company has a fifty day moving average of $12.09 and a 200-day moving average of $13.43. The firm has a market capitalization of $19.51 billion, a P/E ratio of 4.36 and a beta of 1.24.

Vonovia (OTCMKTS:VONOY) last issued its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. The business 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, 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.