Gazit Globe Ltd (NYSE:GZT) (TSE:GZT) – Research analysts at National Bank Financial increased their FY2017 earnings estimates for shares of Gazit Globe in a report released on Tuesday. National Bank Financial analyst M. Kornack now forecasts that the real estate investment trust will post earnings per share of $0.80 for the year, up from their prior estimate of $0.77.

Gazit Globe (NYSE:GZT) last issued its earnings results on Tuesday, May 23rd. The real estate investment trust reported $0.54 earnings per share for the quarter. Gazit Globe had a return on equity of 1.39% and a net margin of 6.75%. The company had revenue of $186.92 million for the quarter.

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Other research analysts have also recently issued research reports about the company. TD Securities restated a “buy” rating on shares of Gazit Globe in a research note on Thursday. Barclays PLC restated an “overweight” rating on shares of Gazit Globe in a research note on Tuesday, March 28th. Finally, Zacks Investment Research cut Gazit Globe from a “hold” rating to a “sell” rating in a research note on Thursday, March 30th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $14.50.

Gazit Globe (NYSE:GZT) opened at 9.76 on Friday. The stock’s 50 day moving average price is $10.22 and its 200-day moving average price is $9.70. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 8.97 and a beta of 1.03. Gazit Globe has a 12 month low of $8.30 and a 12 month high of $10.97.

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

Large investors have recently made changes to their positions in the company. Credit Suisse AG increased its stake in shares of Gazit Globe by 68.9% in the first quarter. Credit Suisse AG now owns 91,235 shares of the real estate investment trust’s stock valued at $955,000 after buying an additional 37,222 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Gazit Globe by 12.4% in the first quarter. AQR Capital Management LLC now owns 103,232 shares of the real estate investment trust’s stock valued at $1,055,000 after buying an additional 11,351 shares in the last quarter. 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. Edmond DE Rothschild Holding S.A. increased its stake in shares of 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 valued at $814,000 after buying an additional 5,650 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Gazit Globe by 14.3% in the first quarter. Renaissance Technologies LLC now owns 83,800 shares of the real estate investment trust’s stock valued at $877,000 after buying an additional 10,500 shares in the last quarter. 9.90% of the stock is currently owned by institutional investors.

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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