Vonovia (OTCMKTS:VONOY) Sees Strong Trading Volume - Here's Why

Key Points

• Vonovia SE experienced a significant increase in trading volume, with 191,858 shares traded on Tuesday, marking a 162% rise from the previous session.
• The company's recent earnings report showed an EPS of $0.22 and a revenue of $1.44 billion for the last quarter.
• Vonovia has increased its dividend to $0.438 per share, reflecting a yield of 266.0%, up from the previous dividend of $0.43.

Vonovia SE Unsponsored ADR (OTCMKTS:VONOY - Get Free Report) saw an uptick in trading volume on Tuesday . 191,858 shares traded hands during trading, an increase of 162% from the previous session's volume of 73,146 shares.The stock last traded at $16.36 and had previously closed at $16.52.

Vonovia Price Performance

The stock has a fifty day moving average price of $16.65 and a 200 day moving average price of $15.73.

Vonovia (OTCMKTS:VONOY - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.22 EPS for the quarter. Vonovia had a positive return on equity of 1.10% and a negative net margin of 7.37%. The business had revenue of $1.44 billion during the quarter. On average, research analysts anticipate that Vonovia SE Unsponsored ADR will post 1.05 EPS for the current fiscal year.

Vonovia Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, July 10th. Shareholders of record on Monday, June 2nd were issued a $0.438 dividend. This is a boost from Vonovia's previous dividend of $0.43. The ex-dividend date of this dividend was Friday, May 30th. This represents a yield of 266.0%.

About Vonovia

Vonovia SE operates as an integrated residential real estate company in Europe. It operates through four segments: Rental, Value-Add, Recurring Sales, and Development. The company offers property management services; property-related services; and value-added services, including maintenance and modernization of residential properties, craftsmen and residential environment organization, condominium administration, cable TV, metering, energy supply, and insurances services.

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