Migdal Insurance & Financial Holdings Ltd. maintained its position in Gazit-Globe Ltd. (NYSE:GZT) (TSE:GZT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,000 shares of the real estate investment trust’s stock at the close of the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. owned about 0.05% of Gazit-Globe worth $988,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Gazit-Globe by 4.4% during the second quarter. Vanguard Group Inc. now owns 2,300,944 shares of the real estate investment trust’s stock worth $22,503,000 after acquiring an additional 96,678 shares during the period. Citigroup Inc. increased its position in shares of Gazit-Globe by 704.3% during the second quarter. Citigroup Inc. now owns 35,364 shares of the real estate investment trust’s stock worth $342,000 after acquiring an additional 30,967 shares during the period. Edmond DE Rothschild Holding S.A. increased its position in shares of Gazit-Globe by 35.9% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 107,680 shares of the real estate investment trust’s stock worth $1,039,000 after acquiring an additional 28,440 shares during the period. Swiss National Bank increased its position in shares of Gazit-Globe by 3.0% during the second quarter. Swiss National Bank now owns 165,465 shares of the real estate investment trust’s stock worth $1,598,000 after acquiring an additional 4,788 shares during the period. Finally, Comerica Bank purchased a new stake in shares of Gazit-Globe during the second quarter worth $101,000. 8.75% of the stock is currently owned by institutional investors and hedge funds.
Gazit-Globe Ltd. (GZT) traded down 1.04% during trading on Monday, reaching $9.50. The company had a trading volume of 1,030 shares. Gazit-Globe Ltd. has a 52-week low of $8.32 and a 52-week high of $10.69. The stock has a 50 day moving average price of $9.74 and a 200-day moving average price of $9.90. The company has a market capitalization of $1.85 billion, a PE ratio of 6.55 and a beta of 1.08.
Gazit-Globe (NYSE:GZT) (TSE:GZT) last issued its quarterly earnings data on Tuesday, August 22nd. The real estate investment trust reported $0.52 EPS for the quarter. The firm had revenue of $191.66 million for the quarter. Gazit-Globe had a negative net margin of 16.74% and a positive return on equity of 3.30%.
The business also recently announced a special dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Tuesday, September 19th were given a $0.0966 dividend. The ex-dividend date was Tuesday, September 19th.
A number of research firms have recently weighed in on GZT. BidaskClub raised Gazit-Globe from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 5th. Zacks Investment Research raised Gazit-Globe from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective on the stock in a research report on Friday, August 25th. Finally, Citigroup Inc. raised Gazit-Globe from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $9.20 to $11.00 in a research report on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Gazit-Globe currently has a consensus rating of “Hold” and an average target price of $12.17.
In other news, Vice Chairman Chaim Katzman sold 1,055,758 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $64.30, for a total value of $67,885,239.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
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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