Vonovia (OTCMKTS:VONOY) Sees Large Volume Increase - Time to Buy?

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) shares saw strong trading volume on Tuesday . 191,858 shares were traded during mid-day 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 Stock Down 0.6%

The company has a fifty day simple moving average of $16.64 and a two-hundred day simple moving average of $15.77.

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

Vonovia Increases Dividend

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

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.