Swiss National Bank Has $1.60 Million Stake in Gazit-Globe Ltd. (GZT)
Swiss National Bank lifted its holdings in shares of Gazit-Globe Ltd. (NYSE:GZT) (TSE:GZT) by 3.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 165,465 shares of the real estate investment trust’s stock after buying an additional 4,788 shares during the quarter. Swiss National Bank owned about 0.08% of Gazit-Globe worth $1,598,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the company. Eqis Capital Management Inc. grew its position in shares of Gazit-Globe by 4.8% during the 2nd quarter. Eqis Capital Management Inc. now owns 88,563 shares of the real estate investment trust’s stock worth $866,000 after buying an additional 4,037 shares during the period. Edmond DE Rothschild Holding S.A. grew its position in shares of Gazit-Globe by 7.7% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 79,240 shares of the real estate investment trust’s stock worth $814,000 after buying an additional 5,650 shares during the period. State of New Jersey Common Pension Fund D grew its position in shares of Gazit-Globe by 3.6% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 287,500 shares of the real estate investment trust’s stock worth $2,809,000 after buying an additional 10,000 shares during the period. Renaissance Technologies LLC grew its position in shares of Gazit-Globe by 14.3% during the 1st quarter. Renaissance Technologies LLC now owns 83,800 shares of the real estate investment trust’s stock worth $877,000 after buying an additional 10,500 shares during the period. Finally, Comerica Bank acquired a new stake in shares of Gazit-Globe during the 2nd quarter worth approximately $101,000. Institutional investors own 8.75% of the company’s stock.
Shares of Gazit-Globe Ltd. (NYSE GZT) opened at 9.60 on Monday. The stock’s 50 day moving average is $9.74 and its 200 day moving average is $9.90. Gazit-Globe Ltd. has a 12 month low of $8.32 and a 12 month high of $10.69. The firm has a market cap of $1.87 billion, a PE ratio of 6.62 and a beta of 1.08.
Gazit-Globe (NYSE:GZT) (TSE:GZT) last issued its quarterly earnings data on Tuesday, August 22nd. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter. The business had revenue of $191.66 million during the quarter. Gazit-Globe had a negative net margin of 16.74% and a positive return on equity of 3.30%.
The firm also recently disclosed a special dividend, which was paid on Tuesday, October 3rd. Investors of record on Tuesday, September 19th were issued a $0.0966 dividend. The ex-dividend date was Tuesday, September 19th.
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Several equities research analysts have recently commented on the stock. BidaskClub upgraded shares of Gazit-Globe from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 5th. Zacks Investment Research upgraded shares of Gazit-Globe from a “hold” rating to a “strong-buy” rating and set a $11.00 price target for the company in a research report on Friday, August 25th. Finally, Citigroup Inc. upgraded shares of Gazit-Globe from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $9.20 to $11.00 in a research report on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Gazit-Globe presently has a consensus rating of “Hold” and an average price target of $12.17.
In related news, Vice Chairman Chaim Katzman sold 1,055,758 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $64.30, for a total value of $67,885,239.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
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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