Vonovia (OTCMKTS:VONOY) Shares Gap Up – What’s Next?

Vonovia SE Unsponsored ADR (OTCMKTS:VONOY)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $11.77, but opened at $12.18. Vonovia shares last traded at $12.24, with a volume of 3,939 shares changing hands.

Analyst Ratings Changes

Several research analysts have commented on the stock. Zacks Research upgraded shares of Vonovia from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft upgraded Vonovia from a “hold” rating to a “buy” rating in a research note on Thursday. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Vonovia has a consensus rating of “Moderate Buy”.

Vonovia Trading Up 1.2%

The company’s 50-day simple moving average is $12.59 and its 200-day simple moving average is $13.70. The stock has a market capitalization of $20.72 billion, a price-to-earnings ratio of 4.62 and a beta of 1.24.

Vonovia (OTCMKTS:VONOY) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Vonovia had a net margin of 56.28% and a return on equity of 14.51%. On average, equities research analysts expect that Vonovia SE Unsponsored ADR will post 1.21 earnings per share 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.