69,680 Shares in Gazit-Globe Ltd. (GZT) Acquired by Acadian Asset Management LLC
Acadian Asset Management LLC acquired a new stake in shares of Gazit-Globe Ltd. (NYSE:GZT) (TSE:GZT) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 69,680 shares of the real estate investment trust’s stock, valued at approximately $674,000.
Other institutional investors also recently made changes to their positions in the company. Renaissance Technologies LLC raised 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 valued at $633,000 after buying an additional 8,674 shares in the last quarter. Norges Bank bought a new position in shares of Gazit-Globe during the fourth quarter valued at $12,824,000. Eqis Capital Management Inc. raised 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 valued at $885,000 after buying an additional 18,408 shares in the last quarter. Bank of New York Mellon Corp raised 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 valued at $4,750,000 after buying an additional 11,064 shares in the last quarter. Finally, Sentry Investments Corp. bought a new position in shares of Gazit-Globe during the first quarter valued at $33,525,000. Hedge funds and other institutional investors own 8.81% of the company’s stock.
Gazit-Globe Ltd. (GZT) traded up 2.37% during midday trading on Friday, hitting $9.52. 3,840 shares of the stock traded hands. Gazit-Globe Ltd. has a 52 week low of $8.32 and a 52 week high of $10.97. The stock has a market capitalization of $1.86 billion, a P/E ratio of 8.55 and a beta of 1.12. The stock’s 50-day moving average price is $9.68 and its 200-day moving average price is $9.97.
Gazit-Globe (NYSE:GZT) (TSE:GZT) last issued its quarterly earnings results on Tuesday, May 23rd. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter. The business had revenue of $186.92 million for the quarter.
GZT has been the topic of several research reports. TD Securities reiterated a “buy” rating on shares of Gazit-Globe in a report on Thursday, May 25th. Zacks Investment Research raised shares of Gazit-Globe from a “sell” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Tuesday, May 30th. BidaskClub raised shares of Gazit-Globe from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Finally, Citigroup Inc. raised shares of Gazit-Globe from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $9.20 to $11.00 in a research report on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $12.17.
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.
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