Gazit Globe (NYSE:GZT) (TSE:GZT) announced its quarterly earnings results on Tuesday. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, Morningstar.com reports. Gazit Globe had a negative net margin of 17.39% and a positive return on equity of 2.90%. The firm had revenue of $188.52 million during the quarter. Gazit Globe updated its FY 2018 guidance to $0.97-0.98 EPS.

Shares of NYSE GZT traded down $0.07 during trading on Wednesday, reaching $8.28. The company had a trading volume of 216 shares, compared to its average volume of 1,814. Gazit Globe has a 52 week low of $8.05 and a 52 week high of $11.00. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.41.

Separately, ValuEngine raised shares of Gazit Globe from a “sell” rating to a “hold” rating in a research note on Tuesday, July 31st.

Several hedge funds and other institutional investors have recently made changes to their positions in GZT. Commonwealth Bank of Australia bought a new position in shares of Gazit Globe in the third quarter worth about $111,000. Bank of America Corp DE raised its stake in shares of Gazit Globe by 36.8% in the second quarter. Bank of America Corp DE now owns 60,547 shares of the real estate investment trust’s stock worth $564,000 after acquiring an additional 16,300 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Gazit Globe by 15.1% in the second quarter. Renaissance Technologies LLC now owns 102,100 shares of the real estate investment trust’s stock worth $952,000 after acquiring an additional 13,400 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Gazit Globe by 83.2% in the second quarter. Bank of New York Mellon Corp now owns 438,592 shares of the real estate investment trust’s stock worth $4,038,000 after acquiring an additional 199,210 shares during the last quarter. Finally, Altshuler Shaham Ltd raised its stake in shares of Gazit Globe by 12.7% in the second quarter. Altshuler Shaham Ltd now owns 9,398,472 shares of the real estate investment trust’s stock worth $87,753,000 after acquiring an additional 1,061,176 shares during the last quarter. 13.34% of the stock is owned by institutional investors.

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Gazit Globe Company Profile

Gazit Globe Ltd, through its subsidiaries, acquires, owns, develops, operates, and manages supermarket-anchored shopping centers in North America, Europe, and internationally. As of December 31, 2016, the company owned and operated 426 properties with a gross leasable area of approximately 6.6 million square meters in approximately 20 countries.

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Earnings History for Gazit Globe (NYSE:GZT)

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