Gazit-Globe Ltd. (GZT) Position Held by Sentry Investments Corp.
Sentry Investments Corp. continued to hold its stake in Gazit-Globe Ltd. (NYSE:GZT) (TSE:GZT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 900,000 shares of the real estate investment trust’s stock at the end of the second quarter. Sentry Investments Corp. owned about 0.46% of Gazit-Globe worth $30,348,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the company. Comerica Bank bought a new stake in Gazit-Globe during the second quarter worth about $101,000. World Asset Management Inc acquired a new position in Gazit-Globe during the second quarter valued at $113,000. Bank of America Corp DE increased its position 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 last quarter. UBS Group AG acquired a new position in Gazit-Globe during the first quarter valued at $493,000. Finally, Acadian Asset Management LLC acquired a new position in Gazit-Globe during the second quarter valued at $674,000. Institutional investors and hedge funds own 8.75% of the company’s stock.
Gazit-Globe Ltd. (NYSE GZT) traded down 2.17% during trading on Thursday, hitting $9.47. 18,023 shares of the stock traded hands. The firm has a 50-day moving average price of $9.63 and a 200 day moving average price of $9.98. Gazit-Globe Ltd. has a 52-week low of $8.32 and a 52-week high of $10.97. The company has a market cap of $1.85 billion, a P/E ratio of 6.74 and a beta of 1.12.
Gazit-Globe (NYSE:GZT) (TSE:GZT) last announced its quarterly earnings results on Tuesday, August 22nd. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter. Gazit-Globe had a positive return on equity of 3.30% and a negative net margin of 16.74%. The company had revenue of $191.66 million during the quarter.
The business also recently declared a special dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Tuesday, September 19th will be issued a $0.0966 dividend. The ex-dividend date is Tuesday, September 19th.
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GZT has been the subject of several recent research reports. Citigroup Inc. upgraded shares of Gazit-Globe from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $9.20 to $11.00 in a research note on Wednesday, July 12th. Zacks Investment Research upgraded shares of Gazit-Globe from a “sell” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Tuesday, May 30th. TD Securities reiterated a “buy” rating on shares of Gazit-Globe in a research note on Thursday, May 25th. Finally, BidaskClub upgraded shares of Gazit-Globe from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Gazit-Globe currently has a consensus rating of “Hold” and an average target price of $12.17.
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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