TheStreet upgraded shares of Gazit-Globe Ltd. (NYSE:GZT) (TSE:GZT) from a sell rating to a hold rating in a report released on Wednesday.

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.

TRADEMARK VIOLATION NOTICE: “Gazit-Globe Ltd. (GZT) Upgraded by TheStreet to Hold” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another domain, it was stolen and reposted in violation of US & international copyright laws. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2016/11/26/gazit-globe-ltd-gzt-upgraded-by-thestreet-to-hold.html.

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.

About Gazit-Globe

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.

5 Day Chart for NYSE:GZT

Receive News & Stock Ratings for Gazit-Globe Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gazit-Globe Ltd. and related stocks with our FREE daily email newsletter.