Vonovia (OTCMKTS:VONOY) Shares Down 0.6% - Time to Sell?

Shares of Vonovia SE Unsponsored ADR (OTCMKTS:VONOY - Get Free Report) were down 0.6% during mid-day trading on Thursday . The company traded as low as $17.06 and last traded at $17.22. Approximately 27,245 shares were traded during trading, a decline of 42% from the average daily volume of 47,058 shares. The stock had previously closed at $17.32.

Vonovia Trading Down 0.6%

The stock has a fifty day moving average price of $16.70 and a 200-day moving average price of $15.44.

Vonovia (OTCMKTS:VONOY - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.31 earnings per share for the quarter. The company had revenue of $1.31 billion during the quarter. Vonovia had a negative return on equity of 2.64% and a negative net margin of 29.33%. As a group, research analysts expect that Vonovia SE Unsponsored ADR will post 1.05 earnings per share for the current fiscal year.

Vonovia Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, July 10th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.438 per share. This is a boost from Vonovia's previous dividend of $0.43. This represents a dividend yield of 2.66%. The ex-dividend date of this dividend is Friday, May 30th.

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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