Vonovia (OTCMKTS:VONOY) Hits New 12-Month Low - What's Next?

Key Points

• Vonovia shares fell to a new 52-week low, trading as low as $8.60 and last changing hands at $8.92, well below the 50-day and 200-day moving averages of $10.10 and $12.45.
• Analyst sentiment is mixed but leans toward caution: Goldman Sachs and Oddo Bhf downgraded the stock, while Morgan Stanley assigned an “underweight” rating. MarketBeat’s consensus rating is currently “Hold”.
• Despite the stock decline, Vonovia exceeded quarterly expectations, reporting $0.47 in earnings per share versus a $0.23 consensus estimate and revenue of $1.47 billion compared with expectations of $1.01 billion.

Shares of Vonovia SE Unsponsored ADR (OTCMKTS:VONOY - Get Free Report) hit a new 52-week low on Thursday. The company traded as low as $8.60 and last traded at $8.92, with a volume of 17,317 shares trading hands. The stock had previously closed at $9.18.

Wall Street Analyst Weigh In

Several research firms recently weighed in on VONOY. The Goldman Sachs Group lowered Vonovia from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 7th. Morgan Stanley lowered Vonovia to an "underweight" rating in a research report on Tuesday, October 20th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Vonovia in a research note on Wednesday, October 14th. Zacks Research upgraded Vonovia from a "strong sell" rating to a "hold" rating in a report on Monday, August 24th. Finally, Oddo Bhf downgraded Vonovia to a "neutral" rating in a report on Thursday. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold".

Vonovia Stock Performance

The business's 50 day simple moving average is $10.10 and its 200-day simple moving average is $12.45. The company has a market cap of $15.07 billion, a price-to-earnings ratio of 3.07 and a beta of 1.22.

Vonovia (OTCMKTS:VONOY - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.47 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.01 billion. Research analysts expect that Vonovia SE Unsponsored ADR will post 1.07 earnings per share for the current year.

Vonovia Company Profile

Vonovia SE is a European residential real estate company headquartered in Bochum, Germany. The company owns, manages and develops residential properties, with a portfolio focused primarily on apartments and homes for individuals and families.

Its activities include property management, tenant services, building maintenance, modernization and the development of new residential projects. Vonovia also provides related services such as energy solutions, technical building operations and other services intended to support the management and improvement of its properties.

Vonovia serves tenants primarily in Germany, Austria and Sweden.

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