Gazit-Globe’s (GZT) “Hold” Rating Reaffirmed at Canaccord Genuity
Canaccord Genuity reissued their hold rating on shares of Gazit-Globe Ltd. (NYSE:GZT) in a research note released on Thursday morning. They currently have a $14.50 target price on the real estate investment trust’s stock.
Separately, Zacks Investment Research cut Gazit-Globe from a hold rating to a sell rating in a report on Friday, August 26th. Two analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. Gazit-Globe currently has an average rating of Hold and an average target price of $14.50.
Shares of Gazit-Globe (NYSE:GZT) remained flat at $9.85 during trading on Thursday. The firm’s market capitalization is $1.91 billion. Gazit-Globe has a 52-week low of $7.15 and a 52-week high of $11.24. The stock’s 50 day moving average is $10.13 and its 200 day moving average is $9.50.
Gazit-Globe (NYSE:GZT) last released its earnings results on Tuesday, August 23rd. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter. Gazit-Globe had a positive return on equity of 0.51% and a negative net margin of 1.05%.
Several institutional investors have recently bought and sold shares of GZT. Boston Partners purchased a new stake in shares of Gazit-Globe during the second quarter valued at about $165,000. Eqis Capital Management Inc. increased its stake in shares of Gazit-Globe by 2.1% in the second quarter. Eqis Capital Management Inc. now owns 44,473 shares of the real estate investment trust’s stock valued at $398,000 after buying an additional 894 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Gazit-Globe during the second quarter valued at about $894,000. Swiss National Bank increased its stake in shares of Gazit-Globe by 10.1% in the second quarter. Swiss National Bank now owns 159,461 shares of the real estate investment trust’s stock valued at $1,424,000 after buying an additional 14,590 shares during the period. Finally, Counsel Portfolio Services Inc. purchased a new stake in shares of Gazit-Globe during the second quarter valued at about $3,018,000. Institutional investors own 3.76% of the company’s stock.
Gazit-Globe Company Profile
Gazit-Globe Ltd. is an owner and operator of supermarket-anchored shopping centers. The Company’s segments include Shopping centers in U.S., Shopping centers in Canada, Shopping centers in North Europe, Shopping centers in Central-Eastern Europe and Other Segments. The Company acquires, develops and redevelops supermarket-anchored neighborhood and community shopping centers in urban markets.
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