In a report released today, Pierre-Emmanuel Clouard from Jefferies maintained a Sell rating on Vonovia (0QFT – Research Report), with a price target of €23.00. The company’s shares closed yesterday at €33.56.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Vonovia with a €35.95 average price target.
Based on Vonovia’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €1.39 billion and a GAAP net loss of €2.69 billion. In comparison, last year the company earned a revenue of €1.21 billion and had a GAAP net loss of €1.13 billion
Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of 0QFT in relation to earlier this year.
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Vonovia (0QFT) Company Description:
Vonovia SE is a residential real estate company based out of Germany. Vonovia owns and manages a multitude of residential units in many German cities and regions. The company makes long-term investments in the maintenance, modernization, and senior-friendly conversion of its properties. In addition to conducting property management, it handles financing, service, and coordination tasks. Furthermore, it is responsible for the control and monitoring systems as well as risk management. Operations are split into three units: rental, extension, and sales. Outside of extension and rental services, Vonovia’s sales activities include managing its portfolio and real estate sales from any of its subportfolios.
