Gazit-Globe Ltd. (NYSE:GZT) (TSE:GZT) released its quarterly earnings results on Tuesday. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, Morningstar.com reports. The firm had revenue of $191.66 million for the quarter.
Shares of Gazit-Globe (NYSE GZT) opened at 9.71 on Wednesday. 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 $1.90 billion, a P/E ratio of 8.79 and a beta of 1.12. The firm’s 50 day moving average price is $9.62 and its 200-day moving average price is $9.98.
The company also recently declared a special dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Tuesday, September 19th will be paid a dividend of $0.0966 per share. The ex-dividend date is Tuesday, September 19th.
A number of hedge funds have recently bought and sold shares of GZT. Comerica Bank bought a new stake in Gazit-Globe during the second quarter valued at approximately $101,000. World Asset Management Inc bought a new stake in Gazit-Globe during the second quarter valued at approximately $113,000. Citigroup Inc. increased its stake in Gazit-Globe by 704.3% in the second quarter. Citigroup Inc. now owns 35,364 shares of the real estate investment trust’s stock valued at $342,000 after buying an additional 30,967 shares in the last quarter. Bank of America Corp DE increased its stake in Gazit-Globe by 191.0% in the first quarter. Bank of America Corp DE now owns 46,380 shares of the real estate investment trust’s stock valued at $485,000 after buying an additional 30,441 shares in the last quarter. Finally, UBS Group AG bought a new stake in Gazit-Globe during the first quarter valued at approximately $493,000. 8.68% of the stock is owned by hedge funds and other institutional investors.
GZT has been the subject of a number of recent research reports. Citigroup Inc. upgraded Gazit-Globe from a “neutral” rating to a “buy” rating and boosted their price target for the company from $9.20 to $11.00 in a research note on Wednesday, July 12th. Zacks Investment Research upgraded Gazit-Globe from a “sell” rating to a “buy” rating and set a $11.00 price target for the company in a research note on Tuesday, May 30th. TD Securities restated a “buy” rating on shares of Gazit-Globe in a research note on Thursday, May 25th. Finally, BidaskClub upgraded Gazit-Globe from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.17.
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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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