Bank of New York Mellon Corp raised its holdings in shares of Gazit Globe Ltd (NYSE:GZT) (TSE:GZT) by 9.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 205,160 shares of the real estate investment trust’s stock after purchasing an additional 16,870 shares during the period. Bank of New York Mellon Corp’s holdings in Gazit Globe were worth $1,996,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. State of New Jersey Common Pension Fund D increased its stake in Gazit Globe by 15.7% during the third quarter. State of New Jersey Common Pension Fund D now owns 332,500 shares of the real estate investment trust’s stock valued at $3,189,000 after purchasing an additional 45,000 shares during the last quarter. Vanguard Group Inc. increased its stake in 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 valued at $22,503,000 after purchasing an additional 96,678 shares during the last quarter. Citigroup Inc. increased its stake in Gazit Globe by 704.3% during the second quarter. Citigroup Inc. now owns 35,364 shares of the real estate investment trust’s stock valued at $342,000 after purchasing an additional 30,967 shares during the last quarter. Edmond DE Rothschild Holding S.A. increased its stake in 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 valued at $1,039,000 after purchasing an additional 28,440 shares during the last quarter. Finally, Swiss National Bank increased its stake in 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 valued at $1,598,000 after purchasing an additional 4,788 shares during the last quarter. Hedge funds and other institutional investors own 8.71% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of Gazit Globe from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Monday, December 4th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $11.50.

Gazit Globe Ltd (GZT) opened at $10.94 on Tuesday. The company has a market cap of $2,100.00, a PE ratio of 2.38 and a beta of 1.18. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 1.37. Gazit Globe Ltd has a 12-month low of $9.01 and a 12-month high of $11.00.

The company also recently declared a special dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th were given a dividend of $0.0992 per share. The ex-dividend date of this dividend was Sunday, December 17th. This represents a dividend yield of 4%. This is a positive change from Gazit Globe’s previous special dividend of $0.10. Gazit Globe’s dividend payout ratio is currently 8.71%.

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Gazit Globe 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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Institutional Ownership by Quarter for Gazit Globe (NYSE:GZT)

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