Vonovia (OTCMKTS:VONOY) Hits New 1-Year Low – Here’s What Happened

Shares of Vonovia SE Unsponsored ADR (OTCMKTS:VONOY) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $10.54 and last traded at $10.89, with a volume of 3930 shares. The stock had previously closed at $11.05.

Analyst Ratings Changes

Several research analysts have commented on VONOY shares. Deutsche Bank Aktiengesellschaft raised Vonovia from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Zacks Research raised shares of Vonovia from a “strong sell” rating to a “hold” rating in a research report on Monday, August 24th. Finally, The Goldman Sachs Group lowered shares of Vonovia to a “neutral” rating in a research note on Monday. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Vonovia Stock Down 1.4%

The company has a fifty day moving average of $11.87 and a two-hundred day moving average of $12.75. The stock has a market capitalization of $18.50 billion, a price-to-earnings ratio of 3.77 and a beta of 1.22.

Vonovia (OTCMKTS:VONOY) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.24. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Vonovia had a net margin of 61.85% and a return on equity of 15.40%. Equities analysts anticipate that Vonovia SE Unsponsored ADR will post 0.97 earnings per share 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.