Vonovia (OTCMKTS:VONOY) Shares Gap Up – Time to Buy?

Vonovia SE Unsponsored ADR (OTCMKTS:VONOY) 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 traded.

Analysts Set New Price Targets

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

Vonovia Trading Up 1.2%

The business has a 50-day moving average of $12.59 and a 200 day moving average of $13.70. The firm has a market capitalization of $20.72 billion, a P/E ratio of 4.62 and a beta of 1.24.

Vonovia (OTCMKTS:VONOY) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Vonovia had a return on equity of 14.51% and a net margin of 56.28%. As a group, research analysts forecast that Vonovia SE Unsponsored ADR will post 1.21 EPS for the current 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.