Gazit-Globe Ltd. (GZT) Upgraded by TheStreet to Hold
Other research analysts have also recently issued reports about the company. Zacks Investment Research raised Gazit-Globe from a sell rating to a hold rating in a research report on Tuesday, July 26th. Canaccord Genuity reaffirmed a hold rating and set a $14.50 price objective on shares of Gazit-Globe in a research report on Thursday, October 13th. Four research analysts have rated the stock with a hold rating, The company has a consensus rating of Hold and a consensus price target of $14.50.
Gazit-Globe (NYSE:GZT) traded up 0.93% on Wednesday, hitting $8.72. 12,064 shares of the company traded hands. The firm’s market capitalization is $1.69 billion. The firm’s 50 day moving average price is $9.30 and its 200 day moving average price is $9.51. Gazit-Globe has a 1-year low of $7.15 and a 1-year high of $10.97.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 13th. Stockholders of record on Tuesday, December 6th will be given a dividend of $0.09 per share. The ex-dividend date is Friday, December 2nd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.13%. Gazit-Globe’s payout ratio is currently -369.96%.
A number of hedge funds and other institutional investors have recently bought and sold shares of GZT. Eqis Capital Management Inc. boosted its position in 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 worth $398,000 after buying an additional 894 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Gazit-Globe by 33.8% in the second quarter. Bank of New York Mellon Corp now owns 451,846 shares of the real estate investment trust’s stock worth $4,040,000 after buying an additional 114,103 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Gazit-Globe during the second quarter worth approximately $894,000. Swiss National Bank boosted its position in 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 worth $1,424,000 after buying an additional 14,590 shares in the last quarter. Finally, Boston Partners acquired a new position in Gazit-Globe during the second quarter worth approximately $165,000. 13.46% of the stock is currently owned by institutional investors.
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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