Vonovia (OTCMKTS:VONOY) Hits New 52-Week Low – What’s Next?

Shares of Vonovia SE Unsponsored ADR (OTCMKTS:VONOY) hit a new 52-week low during trading on Thursday . The stock traded as low as $11.28 and last traded at $11.3430, with a volume of 224558 shares. The stock had previously closed at $11.43.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Zacks Research downgraded shares of Vonovia from a “hold” rating to a “strong sell” rating in a report on Monday, May 25th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Vonovia in a report on Tuesday, May 5th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Vonovia Stock Performance

The firm has a market capitalization of $19.46 billion, a P/E ratio of 4.34 and a beta of 1.24. The stock’s 50 day simple moving average is $12.89 and its 200 day simple moving average is $13.95.

Vonovia (OTCMKTS:VONOY) last issued its earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Vonovia had a net margin of 56.28% and a return on equity of 14.51%. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.01 billion. On average, analysts anticipate that Vonovia SE Unsponsored ADR will post 1.22 earnings per share for the current 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.