Gazit Globe Ltd (GZT) Shares Sold by Arrowstreet Capital Limited Partnership
Arrowstreet Capital Limited Partnership reduced its holdings in Gazit Globe Ltd (NYSE:GZT) (TSE:GZT) by 2.6% during the fourth quarter, Holdings Channel reports. The fund owned 547,311 shares of the real estate investment trust’s stock after selling 14,885 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Gazit Globe were worth $5,806,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in GZT. Macquarie Group Ltd. bought a new position in shares of Gazit Globe during the 3rd quarter valued at about $130,000. Ninepoint Partners LP bought a new position in shares of Gazit Globe during the 3rd quarter valued at about $496,000. Bank of New York Mellon Corp increased its position in shares of Gazit Globe by 9.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 205,160 shares of the real estate investment trust’s stock valued at $1,996,000 after purchasing an additional 16,870 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of Gazit Globe by 15.7% during the 3rd 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. Finally, Acadian Asset Management LLC bought a new position in shares of Gazit Globe during the 4th quarter valued at about $5,608,000. Institutional investors and hedge funds own 4.71% of the company’s stock.
Gazit Globe Ltd (NYSE:GZT) opened at $10.23 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.41 and a current ratio of 0.41. Gazit Globe Ltd has a 1 year low of $9.01 and a 1 year high of $11.00.
Separately, Zacks Investment Research upgraded Gazit Globe from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Monday, December 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $11.50.
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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