Zacks Research Upgrades Vonovia (OTCMKTS:VONOY) to Hold

Vonovia (OTCMKTS:VONOY) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Separately, Deutsche Bank Aktiengesellschaft raised shares of Vonovia from a “hold” rating to a “buy” rating in a research note on Thursday. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Vonovia Stock Performance

Shares of OTCMKTS:VONOY opened at $11.77 on Tuesday. Vonovia has a 52 week low of $11.26 and a 52 week high of $17.80. The company’s fifty day moving average is $12.62 and its 200-day moving average is $13.72. The company has a market capitalization of $19.97 billion, a PE ratio of 4.46 and a beta of 1.24.

Vonovia (OTCMKTS:VONOY) last announced its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share (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 during the quarter, compared to analysts’ expectations of $1.01 billion. On average, analysts forecast that Vonovia will post 1.43 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.