Gazit-Globe Ltd. (GZT) Receives $12.75 Average Price Target from Analysts
Gazit-Globe Ltd. (NYSE:GZT) (TSE:GZT) has been given an average rating of “Hold” by the seven ratings firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $12.75.
Several brokerages have recently issued reports on GZT. BidaskClub cut shares of Gazit-Globe from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Zacks Investment Research cut shares of Gazit-Globe from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Citigroup Inc. upgraded shares of Gazit-Globe from a “neutral” rating to a “buy” rating and lifted their price target for the company from $9.20 to $11.00 in a report on Wednesday, July 12th. Finally, TD Securities reiterated a “buy” rating on shares of Gazit-Globe in a report on Thursday, May 25th.
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Shares of Gazit-Globe (GZT) traded up 1.35% on Tuesday, hitting $9.73. 1,132 shares of the stock were exchanged. The company has a 50 day moving average of $9.74 and a 200 day moving average of $9.98. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 8.71 and a beta of 1.12. Gazit-Globe has a 52-week low of $8.32 and a 52-week high of $10.97.
Gazit-Globe (NYSE:GZT) (TSE:GZT) last issued its earnings results on Tuesday, May 23rd. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter. The firm had revenue of $186.92 million during the quarter.
A number of hedge funds have recently added to or reduced their stakes in GZT. Comerica Bank bought a new stake in Gazit-Globe during the second quarter valued at $101,000. World Asset Management Inc bought a new stake in Gazit-Globe during the second quarter valued at $113,000. Bank of America Corp DE boosted its stake in Gazit-Globe by 191.0% in the first quarter. Bank of America Corp DE now owns 46,380 shares of the real estate investment trust’s stock valued at $485,000 after buying an additional 30,441 shares during the period. UBS Group AG bought a new stake in Gazit-Globe during the first quarter valued at $493,000. Finally, Acadian Asset Management LLC bought a new stake in Gazit-Globe during the second quarter valued at $674,000. Institutional investors and hedge funds own 8.71% of the company’s stock.
Gazit-Globe Company Profile
Gazit-Globe Ltd. is a real estate company specialized in retail premises. The Company is engaged in the acquisition, development and management of properties. Its segments include Finland, Norway, Sweden, and Estonia and Denmark. It focuses on supermarket-anchored shopping centers in urban growth markets.
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