Vonovia SE

Vonovia is a residential real estate company based in Germany. Co. maintains 357,117 residential units and a portfolio worth approximately Euro24.1 billion in cities and regions throughout Germany. Co. manages residential units, garages and parking spaces as well as commercial units. Co. focuses on customer orientation and tenant satisfaction, offering tenants affordable, attractive and livable homes, as well as offering additional real estate-related services. Co.'s residential units are located in contiguous settlements at approximately 770 locations in Germany.
  • TickerVNA
  • ISINDE000A1ML7J1
  • SectorReal Estate Investment & Services
  • CountryGermany

Vonovia SE: 2 directors bought

Two Directors at Vonovia SE bought 4,710 shares at between 54.820EUR and 54.899EUR. The significance rating of the trade was 66/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. ...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Testing 200-day MA support Generally speaking most major indexes are currently trading at the lower end of their May trading ranges. Barring improving headlines regarding tariffs & trade or comments from the Fed suggesting a potential rate cut on the horizon - both of which would result in a weaker U.S. dollar - we believe global markets are vulnerable to further weakness. With global markets in purgatory, we are watching for support at the all-important 200-day moving averages on the S&P 500, MSCI ACWI, ACWI ex-U.S., and EAFE indexes. Breakdowns below these support levels would be problemati...

Valérie GASTALDY

Analyse court terme - VONOVIA SE : La tendance est incertaine.

La tendance est incertaine. Les cours se sont repris, mais la tendance manque de puissance pour le moment. La prochaine résistance est à 44,88 €.

Valérie GASTALDY

Short term view - VONOVIA SE : The trend is uncertain.

The trend is uncertain. Prices have recovered but the trend lacks power for the time being. The next resistance is at €44.88.

Valérie GASTALDY

Short term view - VONOVIA SE : Falling prices.

The trend is uncertain. Prices are falling, but the trend is lacking power for the time being. The next support is at €38.24.

Valérie GASTALDY

Analyse court terme - VONOVIA SE : Les cours baissent.

La tendance est incertaine. Les cours baissent, mais la tendance manque de puissance pour le moment. Le prochain support est à 38,24 €.

Vonovia SE: 2 directors bought

Two Directors at Vonovia SE bought 4,710 shares at between 54.820EUR and 54.899EUR. The significance rating of the trade was 66/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. ...

Manuel Martin, CEFA,CREA

Vonovia SE : First small step into the Dutch market – Vonovia continues to deliver on its European expansion strategy

>Vonovia buys a 2.6% stake in Vesteda - On Friday (26 June), Vonovia (VNA) announced that it will take a first step into the Dutch residential market by acquiring a 2.6% stake in Vesteda Residential Fund (Vesteda). The planned closing date for the acquisition of the stake is 30 June 2020. The purchase price for VNA´s stake in Vesteda has been kept confidential. We estimate that the price might be around NAV, which we calculate to be at c.€ 6bn, equalling c.€ 150m...

Stephane Houri

Ageas : Digitalisation post-COVID : quelles conséquences sur nos secteurs et valeurs ?

Cette note transversale du bureau d’étude ODDO BHF a pour but d’identifier les secteurs et valeurs positivement impactés ou en risque face à une accélération de la digitalisation de la société et de l’économie post COVID-19. Nous ressortons avec 16 valeurs attractives et 12 valeurs en risque. - >Digitalisation accélérée, pas de retour en arrière - La crise du COVID-19 va sans aucun doute accélérer l’utilisation du numérique dans la société en général. Le télétravail a ...

Manuel Martin, CEFA,CREA

Vonovia SE : Robust rental business and further fair value growth in the cards – We increase our target price to € 53.00 from € 51.00

>Solid Q1 2020 results were not affected by COVID-19 crisis - Yesterday (5 May), Vonovia (VNA) published solid Q1 2020 results which came in broadly as expected and were not affected by COVID-19. Rental income increased by +12.3% y-o-y to € 564.0m, slightly above our € 550.0m estimate and the consensus of € 556.8m. Income from property management increased by +9.3% y-o-y to € 778.1m, in line with our € 776.5m estimate. Unadjusted Group FFO I p/s rose +5.8% y-o-y to € ...

Manuel Martin, CEFA,CREA

Vonovia SE : Solid performance in 2019 – Confident for 2020

>Solid full-year 2019 results; group FFO guidance confirmed for 2020 - Yesterday (5 March 2020), Vonovia (VNA) published solid FY 2019 figures with group FFO slightly above the consensus and expectations. Furthermore, it confirmed its group FFO guidance for 2020 as expected.Rental income increased +9.5% y-o-y to € 2,074.9m, being in the range of our € 2,024.5m estimate and the consensus of € 2,179.2m. Revaluation gains of € 4,131.5m (+17.4% y-o-y) beat our € 3,38...

Jean-Christophe Dourret

Vonovia SE : Vonovia - 17 Feb 2020

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Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 06/11/2019 - Intesa Sanpaolo - FR

Intesa SanPaolo (Achat) : RN en hausse de +9,9% à €3,3 mds (soit le niveau le plus élevé depuis 2008) sur les 9M-19 Hannover Re - 9M-19 : Résultat opérationnel de €1,4 md (+20,6%) Société Générale (Achat) - 9M-19 : RN de €2,6 mds (-24,5%) Casino (Achat CT, Conserver LT) : Lance son offre de rachat obligataire sur les souches 2020 Avis (Achat) - 9M-19 : EBITDA de $645m (+1%) Hertz Global Holdings (Vente) - 9M-19 : EBITDA de $595m (+54,9%) Orpea (Achat) : Relève son objectif pour 2019 et attend une croissance du CA de +9,2% Bureau ...

Deutsche Wohnen SE : Berlin rental freeze can be absorbed by most real estate issuers

The Berlin senate will propose legislation on 18 June 2019 to freeze rents in Berlin for five years, starting from 2020. - Other measures include the following: 1/ New tenants will be able to have their rental costs checked by Berlin authorities to ensure they are not being charged more than previous tenants; 2/ landlords are required to notify authorities about any modernisation works to an apartment and such refurbishment would be allowed to increase monthly rents, but only by a ...

Deutsche Wohnen SE : Berlin rental freeze can be absorbed by most real estate issuers

The Berlin senate will propose legislation on 18 June 2019 to freeze rents in Berlin for five years, starting from 2020. - Other measures include the following: 1/ New tenants will be able to have their rental costs checked by Berlin authorities to ensure they are not being charged more than previous tenants; 2/ landlords are required to notify authorities about any modernisation works to an apartment and such refurbishment would be allowed to increase monthly rents, but only by a ...

Alexandre Iatrides ...
  • Bruno Cavalier
  • Johanna Jourdain
  • Manuel Martin, CEFA,CREA
  • Pierre Tegner
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 06/29/2020

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Alexandre Iatrides ...
  • Bruno Cavalier
  • Johanna Jourdain
  • Manuel Martin, CEFA,CREA
  • Pierre Tegner
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 29/06/2020

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Ahmed Ben Salem ...
  • Alfred Glaser
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Geoffroy Michalet
  • Jean Sassus
  • Louis Boujard, CFA
  • Manuel Martin, CEFA,CREA
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Pierre Tegner
  • Samantha Jeary
  • Sebastien Malafosse
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Sylvain Goyon, CFA
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/06/2020

Faced with uncertainty as to what shape the next recovery cycle may take, we have attempted to build a sector allocation approach based on three pillars: 1/ buy sectors offering an EY - Bund spread higher than the long-term average) 2/ minimise the risk on earnings expectations by favouring sectors for which the speed of revision is higher than that achieved at the same time stage of the crisis in 2008-2009 3/ favour sectors whose price performance is more severe than the decline in e...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Geoffroy Michalet
  • Jean Sassus
  • Louis Boujard, CFA
  • Manuel Martin, CEFA,CREA
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Pierre Tegner
  • Samantha Jeary
  • Sebastien Malafosse
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Sylvain Goyon, CFA
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 06/05/2020

Face à l’incertitude que représente la forme du prochain cycle de reprise, nous avons tenté de bâtir une allocation sectorielle fondée sur trois piliers : 1/ achat de secteurs offrant un spread EY – Bund supérieur à la moyenne de long terme, 2/ minimisation du risque sur les résultats en favorisant les secteurs dont la vitesse de révision est supérieure à celle atteinte, au même stade temporel de la crise, en 2008-09, 3/ favoriser les secteurs dont la performance prix est plus sévère ...

Ahmed Ben Salem ...
  • Jean Danjou
  • Jean Sassus
  • Jerôme Bodin
  • Laurence Hofmann
  • Manuel Martin, CEFA,CREA
  • Michael Foundoukidis
  • Pierre Tegner
  • Stephane Houri
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/06/2020

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VONOVIA SE PRE sees an upgrade to Positive due to a better fundamental star rating

The general evaluation of VONOVIA SE PRE (DE), a company active in the Real Estate Holding & Development industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date February 4, 2020, the closing price was EUR 51.84 and its potential was estimated at EUR 54.43.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Vonovia. – AGM 30 June 2020

General: The AGM is to be held in the form of a virtual AGM in accordance with the German Law to Mitigate the Consequences of the COVID-19 Pandemic. The physical presence of shareholders or their authorised proxies is not possible. The voting rights may therefore be exercised solely by postal vote or by granting authority to the proxies designated by the Company.Supervisory Board member Prof. Dr. Edgar Ernst is a member of the Advisory Committee of DSW, the local partner of ECGS. This report has been prepared using standard ECGS guidelines.Item 5: KPMG, Berlin, is proposed as auditor for the c...

Expert Corporate Governance Service (ECGS)

Vonovia - AGM 16 May 2019

General: Supervisory Board member Prof. Dr. Edgar Ernst is a member of the Advisory Committee of DSW, the local partner of ECGS. This report has been prepared using standard ECGS guidelines. Item 4: We recommend to oppose the discharge of the Supervisory Board due to the granting of a significant severance payment to the former CFO Dr. A. Stefan Kirsten, who left the Management Board at his own request, as we do not consider him being eligible to a severance payment and the payment as such as well as its volume as inappropriate. Item 5: KPMG, Berlin, is proposed as auditor for the current fi...

Vonovia – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

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