BidaskClub cut shares of Gazit-Globe Ltd. (NYSE:GZT) (TSE:GZT) from a sell rating to a strong sell rating in a research report sent to investors on Friday.

Other research analysts have also issued research reports about the stock. TD Securities restated a buy rating on shares of Gazit-Globe in a research note on Thursday, May 25th. Zacks Investment Research lowered shares of Gazit-Globe from a buy rating to a hold rating in a research note on Tuesday, July 25th. Finally, Citigroup Inc. upgraded shares of Gazit-Globe from a neutral rating to a buy rating and upped their price target for the company from $9.20 to $11.00 in a research note on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $12.17.

Shares of Gazit-Globe (NYSE:GZT) traded up 1.5804% during midday trading on Friday, reaching $9.5384. 306 shares of the company traded hands. Gazit-Globe has a 1-year low of $8.32 and a 1-year high of $10.97. The company has a market capitalization of $1.86 billion, a PE ratio of 8.5393 and a beta of 1.13. The company has a 50 day moving average price of $9.75 and a 200 day moving average price of $9.98.

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 company had revenue of $186.92 million for the quarter.

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The firm also recently disclosed a special dividend, which was paid on Monday, July 3rd. Stockholders of record on Tuesday, June 20th were issued a $0.0974 dividend. This is an increase from Gazit-Globe’s previous special dividend of $0.10. The ex-dividend date was Tuesday, June 20th.

Hedge funds have recently added to or reduced their stakes in the stock. Mawer Investment Management Ltd. increased its stake in Gazit-Globe by 1.7% in the second quarter. Mawer Investment Management Ltd. now owns 10,075,524 shares of the real estate investment trust’s stock valued at $97,343,000 after buying an additional 171,525 shares during the period. Vanguard Group Inc. increased its stake in Gazit-Globe by 2.7% in the first quarter. Vanguard Group Inc. now owns 2,204,266 shares of the real estate investment trust’s stock valued at $23,078,000 after buying an additional 57,374 shares during the period. Norges Bank acquired a new stake in Gazit-Globe during the fourth quarter valued at approximately $12,824,000. Sentry Investments Corp. acquired a new stake in Gazit-Globe during the first quarter valued at approximately $33,525,000. Finally, Bank of New York Mellon Corp increased 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 period. 8.71% of the stock is currently owned by institutional investors and hedge funds.

About Gazit-Globe

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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