Vonovia stock: Jefferies cut target for Vonovia stock from EUR 28.50 to EUR 23.00

Published on 10/23/2026 at 16:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Value-Add revenue rose 13.80 percent in first-half 2026. Vonovia stock costs EUR 16.57 on October 23, 2026, down 0.12 percent versus Xetra close.

Analyst target and operating growth

Jefferies cut its Vonovia target from EUR 28.50 to EUR 23.00 on October 14, 2026.
Value-Add revenue reached EUR 79.20 million in the first half of 2026, up 13.80 percent year over year.
Vonovia stock costs EUR 16.57 at Lang & Schwarz on October 23, 2026, down 0.12 percent versus the Xetra close of October 22, 2026.

Hausmeister montiert Briefkastenanlage im Treppenhaus, Schwarzweißfoto — Vonovia SE DE000A1ML7J1 – Hausmeister tauscht Briefkasten im Hausflur eines Wohngebäudes, dokumentarische Schwarzweiß-Fotografie, Illustration mit AI erstellt.

Jefferies cut its price target for Vonovia from EUR 28.50 to EUR 23.00 on October 14, 2026, while retaining a Buy rating, according to DER AKTIONÄR. The target remains above the current German quotation, but the cut highlights refinancing costs, weaker external growth and pressure on property values as risks cited in the analyst note. Vonovia stock was trading at EUR 16.57 at Lang & Schwarz on October 23, 2026 at 4:10 p.m. CEST, down 0.12 percent versus the Xetra close of October 22, 2026.

Value-Add revenue reaches EUR 79.20 million

Vonovia's service expansion provides the clearest operating counterweight to the lower target. In the first half of 2026, external Value-Add revenue reached EUR 79.20 million, an increase of 13.80 percent from the same period a year earlier, according to Vonovia. The company said its Veveus brand is intended to combine investment, asset, property and facility management for institutional owners.

Stock sits 42.66 percent below its high

The market valuation remains materially below the yearly peak. The 52-week range was EUR 15.96 to EUR 28.90 as of October 23, 2026, leaving the stock 42.66 percent below its high and 3.82 percent above its low. Market capitalization stood at EUR 14.1 billion, while the trailing P/E was 3.65 and the dividend yield was 8.00 percent.

Third-quarter results arrive November 4

Vonovia's next scheduled checkpoint is its third-quarter and nine-month report on November 4, 2026, according to MarketScreener. That release will provide the next reported period for rental performance, cash generation and progress on reducing debt. The first-half operating figures currently give the stock a mixed picture: Value-Add revenue grew, while the analyst target was reduced.

Price and analyst view diverge

Jefferies' EUR 23.00 target is EUR 6.43 above the Lang & Schwarz price of EUR 16.57, equivalent to 38.80 percent above the price. The comparison is not a forecast by this article, but it puts the analyst view alongside the current quotation and the upcoming reporting date.

Vonovia stock at Lang & Schwarz

The stock remains close to its 52-week low despite the growth in Value-Add revenue. The next important figure for investors is the November 4, 2026 report, which can test whether operating gains are translating into stronger cash generation.

The further course of trading is shown by the continuously updated real-time quote of Vonovia stock.