Vonovia (OTCMKTS:VONOY) Announces Quarterly Earnings Results

Vonovia (OTCMKTS:VONOY) released its quarterly earnings data on Wednesday. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.23 by $0.24, Zacks reports. Vonovia had a net margin of 56.28% and a return on equity of 14.51%. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.01 billion.

Vonovia Stock Down 1.8%

Shares of OTCMKTS:VONOY traded down $0.22 during trading on Thursday, hitting $11.93. The stock had a trading volume of 60,361 shares, compared to its average volume of 256,226. Vonovia has a 12-month low of $11.26 and a 12-month high of $17.05. The stock has a market capitalization of $20.24 billion, a price-to-earnings ratio of 4.52 and a beta of 1.23. The stock has a 50-day simple moving average of $12.00 and a two-hundred day simple moving average of $13.27.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on VONOY shares. Zacks Research cut Vonovia from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft upgraded shares of Vonovia from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

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.