Vonovia (OTCMKTS:VONOY) Rating Increased to Hold at Zacks Research

Vonovia (OTCMKTS:VONOY) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,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. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Vonovia Trading Up 2.7%

Shares of Vonovia stock opened at $11.77 on Tuesday. The business has a 50-day moving average price of $12.62 and a two-hundred day moving average price of $13.72. Vonovia has a 1-year low of $11.26 and a 1-year high of $17.80. The company has a market cap of $19.97 billion, a P/E ratio of 4.46 and a beta of 1.24.

Vonovia (OTCMKTS:VONOY) last announced its earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. Vonovia had a return on equity of 14.51% and a net margin of 56.28%.The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.01 billion. Equities research analysts forecast that Vonovia will post 1.43 EPS 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.