Gazit-Globe’s (GZT) Hold Rating Reiterated at Canaccord Genuity
Gazit-Globe Ltd. (NYSE:GZT)‘s stock had its “hold” rating reissued by equities research analysts at Canaccord Genuity in a note issued to investors on Thursday. They presently have a $14.50 price target on the real estate investment trust’s stock. Canaccord Genuity’s price objective points to a potential upside of 47.21% from the stock’s previous close.
Separately, Zacks Investment Research lowered Gazit-Globe from a “hold” rating to a “sell” rating in a research report on Friday, August 26th. Two equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.50.
Shares of Gazit-Globe (NYSE:GZT) traded up 0.41% on Thursday, hitting $9.85. The stock had a trading volume of 8,661 shares. The company’s market cap is $1.91 billion. The firm’s 50-day moving average is $10.13 and its 200-day moving average is $9.50. Gazit-Globe has a one year low of $7.15 and a one year high of $11.24.
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Gazit-Globe (NYSE:GZT) last issued its earnings results on Tuesday, August 23rd. The real estate investment trust reported $0.19 earnings per share for the quarter. Gazit-Globe had a positive return on equity of 0.51% and a negative net margin of 1.05%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Counsel Portfolio Services Inc. purchased a new position in Gazit-Globe during the second quarter valued at approximately $3,018,000. Bank of New York Mellon Corp raised its position in Gazit-Globe by 33.8% in the second quarter. Bank of New York Mellon Corp now owns 451,846 shares of the real estate investment trust’s stock valued at $4,040,000 after buying an additional 114,103 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Gazit-Globe during the second quarter valued at approximately $894,000. Vanguard Group Inc. raised its position in Gazit-Globe by 5.0% in the second quarter. Vanguard Group Inc. now owns 2,033,775 shares of the real estate investment trust’s stock valued at $18,182,000 after buying an additional 96,759 shares during the period. Finally, Boston Partners purchased a new position in Gazit-Globe during the second quarter valued at approximately $165,000. 3.76% of the stock is currently owned by institutional investors.
Gazit-Globe Ltd. is an owner and operator of supermarket-anchored shopping centers. The Company’s segments include Shopping centers in U.S., Shopping centers in Canada, Shopping centers in North Europe, Shopping centers in Central-Eastern Europe and Other Segments. The Company acquires, develops and redevelops supermarket-anchored neighborhood and community shopping centers in urban markets.
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