Gazit Globe Ltd (NYSE:GZT) (TSE:GZT) – Analysts at National Bank Financial upped their FY2018 earnings per share (EPS) estimates for Gazit Globe in a research note issued to investors on Tuesday. National Bank Financial analyst M. Kornack now expects that the real estate investment trust will post earnings of $0.82 per share for the year, up from their previous forecast of $0.81.

A number of other equities analysts have also weighed in on the company. Zacks Investment Research lowered Gazit Globe from a “hold” rating to a “sell” rating in a research note on Thursday, March 30th. Barclays PLC restated an “overweight” rating on shares of Gazit Globe in a report on Tuesday, March 28th. Finally, TD Securities restated a “buy” rating on shares of Gazit Globe in a report on Thursday. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $14.50.

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Shares of Gazit Globe (NYSE:GZT) traded down 0.41% on Thursday, hitting $9.80. The company had a trading volume of 2,006 shares. The stock has a market capitalization of $1.92 billion, a PE ratio of 9.01 and a beta of 1.03. Gazit Globe has a 52 week low of $8.30 and a 52 week high of $10.97. The firm’s 50 day moving average price is $10.23 and its 200-day moving average price is $9.70.

Gazit Globe (NYSE: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 company had revenue of $186.92 million for the quarter. Gazit Globe had a return on equity of 1.39% and a net margin of 6.75%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its stake in shares of 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. UBS Group AG purchased a new position in Gazit Globe during the first quarter worth about $493,000. Renaissance Technologies LLC increased its position 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 worth $633,000 after buying an additional 8,674 shares during the period. Edmond DE Rothschild Holding S.A. increased its position 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 worth $814,000 after buying an additional 5,650 shares during the period. Finally, Eqis Capital Management Inc. increased its position in Gazit Globe by 27.8% in the first quarter. Eqis Capital Management Inc. now owns 84,526 shares of the real estate investment trust’s stock worth $885,000 after buying an additional 18,408 shares during the period. 9.90% of the stock is owned by institutional investors.

The business also recently disclosed a special dividend, which will be paid on Monday, July 3rd. Investors of record on Tuesday, June 20th will be given a dividend of $0.0974 per share. The ex-dividend date of this dividend is Tuesday, June 20th. This is a positive change from Gazit Globe’s previous special dividend of $0.10. Gazit Globe’s dividend payout ratio (DPR) is 64.29%.

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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