Vonovia (OTCMKTS:VONOY) Reaches New 1-Year Low – Here’s Why

Vonovia SE Unsponsored ADR (OTCMKTS:VONOY) reached a new 52-week low during trading on Monday. The stock traded as low as $8.99 and last traded at $9.15, with a volume of 2,917 shares changing hands. The stock had previously closed at $9.41.

Wall Street Analyst Weigh In

Several brokerages have weighed in on VONOY. Jefferies Financial Group reaffirmed a “buy” rating on shares of Vonovia in a research report on Wednesday. The Goldman Sachs Group cut shares of Vonovia from a “strong-buy” rating to a “hold” rating in a report on Monday, September 7th. Zacks Research upgraded shares of Vonovia from a “strong sell” rating to a “hold” rating in a research report on Monday, August 24th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Vonovia from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Vonovia Stock Down 2.1%

The stock has a market cap of $15.53 billion, a P/E ratio of 3.17 and a beta of 1.22. The firm’s 50-day moving average is $10.51 and its two-hundred day moving average is $11.80.

Vonovia (OTCMKTS:VONOY) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.24. Vonovia had a return on equity of 15.40% and a net margin of 61.85%. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Analysts anticipate that Vonovia SE Unsponsored ADR will post 1.07 earnings per share for the current fiscal year.

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.