Gazit-Globe Ltd. (GZT) Given Average Rating of “Hold” by Brokerages

Gazit-Globe Ltd. (NYSE:GZT) (TSE:GZT) has been given an average rating of “Hold” by the six research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $14.50.

Several research firms have commented on GZT. BidaskClub raised shares of Gazit-Globe from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Zacks Investment Research cut shares of Gazit-Globe from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. TD Securities reiterated a “buy” rating on shares of Gazit-Globe in a research note on Thursday, May 25th. Finally, Barclays PLC reissued an “overweight” rating on shares of Gazit-Globe in a research report on Tuesday, March 28th.

TRADEMARK VIOLATION NOTICE: “Gazit-Globe Ltd. (GZT) Given Average Rating of “Hold” by Brokerages” was originally posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this piece on another publication, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be viewed at https://sportsperspectives.com/2017/06/22/brokerages-set-gazit-globe-ltd-gzt-pt-at-14-50-updated.html.

Gazit-Globe (GZT) traded up 0.10% during trading on Monday, reaching $9.74. The company had a trading volume of 16,233 shares. The firm’s 50 day moving average is $10.03 and its 200-day moving average is $9.83. The company has a market capitalization of $1.90 billion, a P/E ratio of 8.68 and a beta of 1.10. Gazit-Globe has a 12 month low of $8.32 and a 12 month high of $10.97.

Gazit-Globe (NYSE:GZT) (TSE:GZT) last posted its earnings results on Tuesday, May 23rd. The real estate investment trust reported $0.54 EPS for the quarter. The firm had revenue of $186.92 million for the quarter. Gazit-Globe had a net margin of 6.75% and a return on equity of 1.39%.

The business also recently declared a special dividend, which will be paid on Monday, July 3rd. Investors of record on Tuesday, June 20th will be issued a $0.0974 dividend. The ex-dividend date of this dividend is Tuesday, June 20th. This is a positive change from Gazit-Globe’s previous special dividend of $0.10.

Several hedge funds have recently modified their holdings of GZT. Edmond DE Rothschild Holding S.A. raised its stake in shares of Gazit-Globe by 7.7% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 79,240 shares of the real estate investment trust’s stock worth $814,000 after buying an additional 5,650 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Gazit-Globe by 13.4% in the fourth quarter. Renaissance Technologies LLC now owns 73,300 shares of the real estate investment trust’s stock worth $633,000 after buying an additional 8,674 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of 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 worth $4,750,000 after buying an additional 11,064 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Gazit-Globe by 12.4% in the first quarter. AQR Capital Management LLC now owns 103,232 shares of the real estate investment trust’s stock worth $1,055,000 after buying an additional 11,351 shares during the last quarter. Finally, Eqis Capital Management Inc. boosted its position in shares of Gazit-Globe by 27.8% in the first quarter. Eqis Capital Management Inc. now owns 84,526 shares of the real estate investment trust’s stock worth $885,000 after buying an additional 18,408 shares during the last quarter. 8.67% of the stock is owned by institutional investors and hedge funds.

Gazit-Globe Company Profile

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.

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.

Latest News

Leave a Reply