Gazit-Globe Ltd. (GZT) Receives $12.17 Consensus PT from Analysts
Gazit-Globe Ltd. (NYSE:GZT) (TSE:GZT) has received an average recommendation of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $12.17.
GZT has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Gazit-Globe from a “sell” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Tuesday, May 30th. BidaskClub raised shares of Gazit-Globe from a “strong sell” rating to a “sell” rating in a research report on Friday. Citigroup Inc. raised shares of Gazit-Globe from a “neutral” rating to a “buy” rating and boosted their price target for the company from $9.20 to $11.00 in a research report on Wednesday, July 12th. Finally, TD Securities reissued a “buy” rating on shares of Gazit-Globe in a research report on Thursday, May 25th.
Gazit-Globe (NYSE:GZT) traded down 1.81% during mid-day trading on Friday, hitting $9.76. The company’s stock had a trading volume of 20,673 shares. Gazit-Globe has a 12-month low of $8.32 and a 12-month high of $10.97. The firm’s 50-day moving average is $9.63 and its 200-day moving average is $9.98. The company has a market cap of $1.91 billion, a P/E ratio of 6.89 and a beta of 1.12.
Gazit-Globe (NYSE:GZT) (TSE:GZT) last released its quarterly earnings data on Tuesday, August 22nd. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter. The business had revenue of $191.66 million during the quarter. Gazit-Globe had a negative net margin of 16.74% and a positive return on equity of 3.30%.
The business also recently declared a special dividend, which will be paid on Tuesday, October 3rd. Investors of record on Tuesday, September 19th will be given a $0.0966 dividend. The ex-dividend date is Tuesday, September 19th.
A number of large investors have recently made changes to their positions in the stock. Comerica Bank bought a new stake in shares of Gazit-Globe during the second quarter worth $101,000. World Asset Management Inc bought a new stake in shares of Gazit-Globe during the second quarter worth $113,000. Citigroup Inc. boosted its stake in shares of Gazit-Globe by 704.3% in the second quarter. Citigroup Inc. now owns 35,364 shares of the real estate investment trust’s stock worth $342,000 after buying an additional 30,967 shares during the period. Bank of America Corp DE boosted its stake in shares of 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 worth $485,000 after buying an additional 30,441 shares during the period. Finally, UBS Group AG bought a new stake in shares of Gazit-Globe during the first quarter worth $493,000. 8.75% of the stock is owned by hedge funds and other institutional investors.
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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