Vonovia (OTCMKTS:VONOY) Reaches New 52-Week Low – Here’s What Happened

Vonovia SE Unsponsored ADR (OTCMKTS:VONOYGet Free Report) hit a new 52-week low during trading on Monday . The company traded as low as $9.71 and last traded at $10.02, with a volume of 1678 shares changing hands. The stock had previously closed at $10.11.

Analysts Set New Price Targets

A number of brokerages recently weighed in on VONOY. Deutsche Bank Aktiengesellschaft raised Vonovia from a “hold” rating to a “buy” rating in a research note on Thursday, June 25th. Zacks Research raised shares of Vonovia from a “strong sell” rating to a “hold” rating in a research report on Monday, August 24th. Finally, The Goldman Sachs Group cut shares of Vonovia from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 7th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Read Our Latest Stock Analysis on Vonovia

Vonovia Trading Down 1.4%

The stock has a market capitalization of $16.92 billion, a P/E ratio of 3.45 and a beta of 1.22. The business’s fifty day simple moving average is $11.50 and its two-hundred day simple moving average is $12.38.

Vonovia (OTCMKTS:VONOYGet Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.24. Vonovia had a net margin of 61.85% and a return on equity of 15.40%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.01 billion. On average, equities research analysts anticipate that Vonovia SE Unsponsored ADR will post 0.97 earnings per share for the current year.

About Vonovia

(Get Free Report)

Vonovia SE is a German residential real estate company headquartered in Bochum. The company owns, manages and develops residential properties, with a focus on providing housing and related services to tenants. Its activities include property management, maintenance, modernization, energy services and the development of new residential buildings.

Vonovia’s portfolio is concentrated in Germany, with additional operations in Austria and Sweden. Through its local platforms and service businesses, the company provides tenant support, building maintenance, technical services and measures designed to improve the energy efficiency and quality of its properties.

The company traces its roots to Deutsche Annington, which acquired GAGFAH in 2015 and subsequently adopted the Vonovia name.

Further Reading

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