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

Vonovia SE Unsponsored ADR (OTCMKTS:VONOY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $12.09, but opened at $12.87. Vonovia shares last traded at $12.9250, with a volume of 18,604 shares traded.

Analyst Ratings Changes

VONOY has been the topic of a number of analyst reports. Zacks Research upgraded Vonovia from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft raised Vonovia from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Vonovia Stock Performance

The business’s 50 day moving average is $12.45 and its 200-day moving average is $13.65. The stock has a market cap of $21.77 billion, a price-to-earnings ratio of 4.86 and a beta of 1.24.

Vonovia (OTCMKTS:VONOY) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.01 billion. Vonovia had a net margin of 56.28% and a return on equity of 14.51%. Sell-side analysts anticipate that Vonovia SE Unsponsored ADR will post 0.97 EPS for the current fiscal 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.