Gazit-Globe Ltd. (NYSE:GZT) Lifted to Sell at BidaskClub
BidaskClub upgraded shares of Gazit-Globe Ltd. (NYSE:GZT) (TSE:GZT) from a strong sell rating to a sell rating in a report released on Saturday.
GZT has been the topic of several other research reports. Zacks Investment Research lowered 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 upped their price objective 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. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Gazit-Globe currently has a consensus rating of Hold and a consensus price target of $12.17.
Shares of Gazit-Globe (NYSE GZT) opened at 9.66 on Friday. The company has a market cap of $1.89 billion, a PE ratio of 8.65 and a beta of 1.12. The company has a 50 day moving average of $9.74 and a 200-day moving average of $9.98. 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 released 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.
Several large investors have recently bought and sold shares of the company. Mawer Investment Management Ltd. increased its stake in Gazit-Globe by 1.7% in the second quarter. Mawer Investment Management Ltd. now owns 10,075,524 shares of the real estate investment trust’s stock valued at $97,343,000 after buying an additional 171,525 shares during the last quarter. Vanguard Group Inc. increased its stake in Gazit-Globe by 2.7% in the first quarter. Vanguard Group Inc. now owns 2,204,266 shares of the real estate investment trust’s stock valued at $23,078,000 after buying an additional 57,374 shares during the last quarter. Norges Bank acquired a new stake in Gazit-Globe during the fourth quarter valued at approximately $12,824,000. Sentry Investments Corp. acquired a new stake in Gazit-Globe during the first quarter valued at approximately $33,525,000. Finally, Bank of New York Mellon Corp increased its stake in Gazit-Globe by 2.5% in the first quarter. Bank of New York Mellon Corp now owns 453,747 shares of the real estate investment trust’s stock valued at $4,750,000 after buying an additional 11,064 shares during the last quarter. 8.81% of the stock is owned by 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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