Gazit-Globe Ltd. (NYSE:GZT) (TSE:GZT) – Equities research analysts at National Bank Financial cut their FY2016 earnings estimates for shares of Gazit-Globe in a note issued to investors on Wednesday. National Bank Financial analyst M. Kornack now expects that the brokerage will earn $0.75 per share for the year, down from their previous forecast of $0.79. National Bank Financial also issued estimates for Gazit-Globe’s FY2017 earnings at $0.81 EPS.

Other analysts have also issued research reports about the company. TheStreet upgraded Gazit-Globe from a “sell” rating to a “hold” rating in a report on Wednesday, November 23rd. Zacks Investment Research upgraded Gazit-Globe from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 25th. Finally, Canaccord Genuity restated a “hold” rating and set a $14.50 price target on shares of Gazit-Globe in a report on Thursday, October 13th. Four equities research analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average target price of $14.50.

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Shares of Gazit-Globe (NYSE:GZT) opened at 8.72 on Monday. The stock’s 50 day moving average is $9.30 and its 200-day moving average is $9.51. Gazit-Globe has a one year low of $7.15 and a one year high of $10.97. The company’s market cap is $1.69 billion.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 13th. Shareholders of record on Tuesday, December 6th will be paid a $0.09 dividend. The ex-dividend date is Friday, December 2nd. This represents a $0.36 dividend on an annualized basis and a yield of 4.13%. Gazit-Globe’s payout ratio is 66.07%.

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A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Gazit-Globe by 5.0% in the second quarter. Vanguard Group Inc. now owns 2,033,775 shares of the real estate investment trust’s stock worth $18,182,000 after buying an additional 96,759 shares during the last quarter. Bank of New York Mellon Corp raised its stake 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 during the last quarter. Counsel Portfolio Services Inc. acquired a new stake in Gazit-Globe during the second quarter worth $3,018,000. Swiss National Bank raised its stake 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 during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Gazit-Globe during the second quarter worth $894,000. Institutional investors and hedge funds own 13.46% of the company’s stock.

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.

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