Edmond DE Rothschild Holding S.A. reduced its stake in shares of Gazit Globe Ltd (NYSE:GZT) (TSE:GZT) by 25.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 195,120 shares of the real estate investment trust’s stock after selling 66,495 shares during the period. Edmond DE Rothschild Holding S.A. owned about 0.10% of Gazit Globe worth $1,357,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Altshuler Shaham Ltd lifted its position in shares of Gazit Globe by 13.6% in the 3rd quarter. Altshuler Shaham Ltd now owns 10,673,150 shares of the real estate investment trust’s stock worth $98,614,000 after buying an additional 1,274,678 shares during the last quarter. Commonwealth Bank of Australia bought a new position in shares of Gazit Globe in the 3rd quarter worth about $111,000. Vanguard Group Inc lifted its position in shares of Gazit Globe by 1.2% in the 3rd quarter. Vanguard Group Inc now owns 2,765,982 shares of the real estate investment trust’s stock worth $25,225,000 after buying an additional 33,149 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Gazit Globe by 83.2% in the 2nd 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 buying an additional 199,210 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Gazit Globe by 36.8% in the 2nd quarter. Bank of America Corp DE now owns 60,547 shares of the real estate investment trust’s stock worth $564,000 after buying an additional 16,300 shares during the last quarter. 10.65% of the stock is owned by institutional investors.

Gazit Globe stock opened at $7.65 on Friday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.84 and a current ratio of 0.84. Gazit Globe Ltd has a 1 year low of $6.78 and a 1 year high of $10.42. The stock has a market capitalization of $1.48 billion, a PE ratio of 8.14 and a beta of 1.22.

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Gazit Globe Company Profile

Gazit Globe Ltd, through its subsidiaries, acquires, owns, develops, operates, and manages supermarket-anchored shopping centers and retail-based mixed-use properties in North America, Brazil, Israel, and Europe. As of September 30, 2018, the company owned and operated 101 properties with a gross leasable area of approximately 2.5 million square meters.

Further Reading: Compound Interest

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

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