Vonovia (OTCMKTS:VONOY) Issues Earnings Results

Key Points

• Vonovia reported quarterly earnings of $0.25 per share on $1.48 billion in revenue, with a net margin of 56.28% and return on equity of 14.79%.
• Shares of VONOY slipped 0.5% to $13.10 in Friday trading, with volume slightly above average and the stock trading near the lower end of its 12-month range.
• Analyst sentiment remains mixed: Deutsche Bank reiterated a hold rating, while MarketBeat reports an overall consensus of Moderate Buy.

Vonovia (OTCMKTS:VONOY - Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.25 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $1.48 billion for the quarter. Vonovia had a net margin of 56.28% and a return on equity of 14.79%.

Vonovia Stock Down 0.5%

Shares of VONOY stock traded down $0.07 during mid-day trading on Friday, reaching $13.10. 270,261 shares of the company's stock traded hands, compared to its average volume of 248,457. Vonovia has a 12 month low of $11.70 and a 12 month high of $17.80. The company has a market cap of $22.23 billion, a P/E ratio of 4.85 and a beta of 1.27. The company's 50-day moving average price is $13.72 and its 200-day moving average price is $14.43.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Vonovia in a research report on Tuesday. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Vonovia presently has an average rating of "Moderate Buy".

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.

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