Zacks Investment Research cut shares of Gazit-Globe Ltd. (NYSE:GZT) (TSE:GZT) from a buy rating to a hold rating in a research note issued to investors on Tuesday.

According to Zacks, “Gazit-Globe Ltd. is a multinational real estate company engaged in the acquisition, development and management of income-producing properties. The company focuses on necessity-driven real estate, primarily supermarket-anchored shopping centers in urban markets. In addition, the company is active in the healthcare real estate sector, owning and operating medical office buildings and senior housing businesses in North America. Gazit-Globe Ltd. is based in Tel Aviv, Israel. “

Other equities research analysts have also recently issued research reports about the stock. Citigroup Inc. upgraded shares of Gazit-Globe from a neutral rating to a buy rating and raised their price objective for the company from $9.20 to $11.00 in a research report on Wednesday, July 12th. BidaskClub cut shares of Gazit-Globe from a hold rating to a sell rating in a research report on Wednesday, July 5th. Barclays PLC restated an overweight rating on shares of Gazit-Globe in a research report on Tuesday, March 28th. Finally, TD Securities restated a buy rating on shares of Gazit-Globe in a research report on Thursday, May 25th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $12.17.

Gazit-Globe (NYSE:GZT) traded up 0.31% on Tuesday, reaching $9.66. 3,452 shares of the company’s stock traded hands. The stock has a market capitalization of $1.89 billion, a PE ratio of 8.65 and a beta of 1.13. The firm’s 50-day moving average is $9.77 and its 200 day moving average is $9.97. Gazit-Globe has a 52-week low of $8.32 and a 52-week high of $10.97.

Gazit-Globe (NYSE:GZT) (TSE:GZT) last announced its earnings results on Tuesday, May 23rd. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter. The firm had revenue of $186.92 million for the quarter.

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The business also recently disclosed a special dividend, which was paid on Monday, July 3rd. Shareholders of record on Tuesday, June 20th were given a $0.0974 dividend. The ex-dividend date of this dividend was Tuesday, June 20th. This is a boost from Gazit-Globe’s previous special dividend of $0.10.

A number of large investors have recently bought and sold shares of the stock. Eqis Capital Management Inc. boosted its stake in Gazit-Globe by 4.8% in the second quarter. Eqis Capital Management Inc. now owns 88,563 shares of the real estate investment trust’s stock valued at $866,000 after buying an additional 4,037 shares during the last quarter. Edmond DE Rothschild Holding S.A. boosted its stake in Gazit-Globe by 7.7% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 79,240 shares of the real estate investment trust’s stock valued at $814,000 after buying an additional 5,650 shares during the last quarter. Renaissance Technologies LLC boosted its stake in 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 during the last quarter. State of New Jersey Common Pension Fund D boosted its stake in Gazit-Globe by 3.6% in the second quarter. State of New Jersey Common Pension Fund D now owns 287,500 shares of the real estate investment trust’s stock valued at $2,809,000 after buying an additional 10,000 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in 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 during the last quarter. Hedge funds and other institutional investors own 8.67% of the company’s stock.

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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