Vonovia SE ( ETR:VNA ) shareholders will have a reason to smile today, with the analysts making substantial upgrades to...
DUESSELDORF, Germany (Reuters) -Vonovia returned to profit in the first quarter, Germany's largest real estate group reported on Tuesday, despite the sector grappling with its worst crisis in decades. Shares in early trade were up 2.3% in Vonovia, which also said it expects property values to bottom out this year. It posted a profit of 335.5 million euros ($359 million), bouncing back from a loss of 2.088 billion a year earlier.
Key Insights Significantly high institutional ownership implies Vonovia's stock price is sensitive to their trading...