Gazit-Globe Ltd. (NYSE:GZT) (TSE:GZT) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

According to Zacks, “Gazit-Globe Ltd. is a multinational real estate company engaged in the acquisition, development and management of income-producing properties. The company focuses on necessity-driven real estate, primarily supermarket-anchored shopping centers in urban markets. In addition, the company is active in the healthcare real estate sector, owning and operating medical office buildings and senior housing businesses in North America. Gazit-Globe Ltd. is based in Tel Aviv, Israel. “

Several other analysts have also issued reports on GZT. BidaskClub lowered shares of Gazit-Globe from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Citigroup Inc. upgraded shares of Gazit-Globe from a “neutral” rating to a “buy” rating and lifted their target price for the company from $9.20 to $11.00 in a research report on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Gazit-Globe has a consensus rating of “Hold” and a consensus target price of $11.00.

Shares of Gazit-Globe (NYSE:GZT) traded down 0.66% during trading on Tuesday, hitting $9.75. 10,018 shares of the stock traded hands. Gazit-Globe has a one year low of $8.32 and a one year high of $10.69. The firm has a 50 day moving average price of $9.74 and a 200-day moving average price of $9.85. The company has a market cap of $1.90 billion, a PE ratio of 6.72 and a beta of 1.08.

Gazit-Globe (NYSE:GZT) (TSE:GZT) last posted its quarterly earnings results on Tuesday, August 22nd. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter. The company had revenue of $191.66 million for the quarter. Gazit-Globe had a negative net margin of 16.74% and a positive return on equity of 3.30%.

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In other news, Vice Chairman Chaim Katzman sold 1,055,758 shares of Gazit-Globe stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $64.30, for a total transaction of $67,885,239.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Several institutional investors have recently modified their holdings of GZT. Eqis Capital Management Inc. boosted its position in shares of Gazit-Globe by 2.1% during the 2nd quarter. Eqis Capital Management Inc. now owns 44,473 shares of the real estate investment trust’s stock valued at $398,000 after acquiring an additional 894 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Gazit-Globe by 33.8% during the 2nd 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 acquiring an additional 114,103 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Gazit-Globe during the 2nd quarter valued at about $894,000. Swiss National Bank boosted its position in shares of Gazit-Globe by 10.1% during the 2nd quarter. Swiss National Bank now owns 159,461 shares of the real estate investment trust’s stock valued at $1,424,000 after acquiring an additional 14,590 shares in the last quarter. Finally, Boston Partners acquired a new stake in shares of Gazit-Globe during the 2nd quarter valued at about $165,000. Institutional investors and hedge funds own 8.71% of the company’s stock.

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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