Zacks Investment Research cut shares of Gazit-Globe Ltd. (NYSE:GZT) (TSE:GZT) from a hold rating to a sell rating in a research report released on Monday morning.

According to Zacks, “Gazit-Globe Ltd. is a multinational real estate company engaged in the acquisition, development and management of income-producing properties. The company focuses on necessity-driven real estate, primarily supermarket-anchored shopping centers in urban markets. In addition, the company is active in the healthcare real estate sector, owning and operating medical office buildings and senior housing businesses in North America. Gazit-Globe Ltd. is based in Tel Aviv, Israel. “

GZT has been the subject of a number of other research reports. TheStreet upgraded shares of Gazit-Globe from a sell rating to a hold rating in a research note on Wednesday, November 23rd. Canaccord Genuity restated a hold rating and set a $14.50 target price on shares of Gazit-Globe in a research note on Thursday, October 13th. One analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $14.50.

Shares of Gazit-Globe (NYSE:GZT) opened at 8.86 on Monday. The company’s market capitalization is $1.72 billion. The firm’s 50-day moving average is $9.27 and its 200 day moving average is $9.51. Gazit-Globe has a 52 week low of $7.15 and a 52 week high of $10.97.

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The firm also recently disclosed 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. This represents a $0.36 annualized dividend and a yield of 4.06%. The ex-dividend date is Friday, December 2nd. Gazit-Globe’s dividend payout ratio (DPR) is 66.07%.

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of 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 valued at $18,182,000 after buying an additional 96,759 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of 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 valued at $4,040,000 after buying an additional 114,103 shares during the period. Counsel Portfolio Services Inc. acquired a new stake in shares of Gazit-Globe during the second quarter valued at $3,018,000. Swiss National Bank boosted 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, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Gazit-Globe during the second quarter valued at $894,000. Institutional investors and hedge funds own 13.38% 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.

5 Day Chart for NYSE:GZT

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