Gazit-Globe Ltd. (GZT) Stock Rating Reaffirmed by Canaccord Genuity
Canaccord Genuity reiterated their hold rating on shares of Gazit-Globe Ltd. (NYSE:GZT) in a research note published on Thursday morning. The firm currently has a $14.50 target price on the real estate investment trust’s stock.
Separately, Zacks Investment Research downgraded shares of Gazit-Globe from a hold rating to a sell rating in a report on Friday, August 26th. Two analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $14.50.
Shares of Gazit-Globe (NYSE:GZT) opened at 9.67 on Thursday. The company’s market cap is $1.88 billion. The firm has a 50-day moving average price of $10.04 and a 200 day moving average price of $9.52. Gazit-Globe has a 1-year low of $7.15 and a 1-year high of $11.24.
Gazit-Globe (NYSE:GZT) last released its earnings results on Tuesday, August 23rd. The real estate investment trust reported $0.19 earnings per share for the quarter. Gazit-Globe had a negative net margin of 1.05% and a positive return on equity of 0.51%.
A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted 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 position 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 worth $4,040,000 after buying an additional 114,103 shares during the period. Counsel Portfolio Services Inc. acquired a new position in shares of Gazit-Globe during the second quarter worth about $3,018,000. Swiss National Bank raised its position 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 worth $1,424,000 after buying an additional 14,590 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Gazit-Globe during the second quarter worth about $894,000. 3.76% of the stock is currently owned by institutional investors.
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.
Receive News & Ratings for Gazit-Globe Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gazit-Globe Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.