Research Analysts Set Expectations for Gazit-Globe Ltd.’s Q3 2017 Earnings (GZT)
Gazit-Globe Ltd. (NYSE:GZT) (TSE:GZT) – Investment analysts at National Bank Financial issued their Q3 2017 earnings per share (EPS) estimates for Gazit-Globe in a research note issued on Monday. National Bank Financial analyst M. Kornack forecasts that the real estate investment trust will post earnings per share of $0.20 for the quarter.
GZT has been the topic of a number of other reports. BidaskClub raised shares of Gazit-Globe from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Zacks Investment Research lowered shares of Gazit-Globe from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Citigroup Inc. raised shares of Gazit-Globe from a “neutral” rating to a “buy” rating and raised their price target for the company from $9.20 to $11.00 in a research report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $11.00.
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Gazit-Globe (NYSE:GZT) (TSE:GZT) last released its earnings results on Tuesday, August 22nd. The real estate investment trust reported $0.52 earnings per share for the quarter. The firm had revenue of $191.66 million during the quarter. Gazit-Globe had a positive return on equity of 3.30% and a negative net margin of 16.74%.
The business also recently disclosed a special dividend, which was paid on Tuesday, October 3rd. Investors of record on Tuesday, September 19th were issued a dividend of $0.0966 per share. The ex-dividend date of this dividend was Tuesday, September 19th.
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 value of $67,885,239.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Several institutional investors and hedge funds have recently bought and sold shares of the company. State of New Jersey Common Pension Fund D increased its stake in shares of Gazit-Globe by 15.7% in the third quarter. State of New Jersey Common Pension Fund D now owns 332,500 shares of the real estate investment trust’s stock worth $3,189,000 after purchasing an additional 45,000 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Gazit-Globe by 4.4% in the second quarter. Vanguard Group Inc. now owns 2,300,944 shares of the real estate investment trust’s stock worth $22,503,000 after purchasing an additional 96,678 shares in the last quarter. Citigroup Inc. increased its stake in shares of Gazit-Globe by 704.3% in the second quarter. Citigroup Inc. now owns 35,364 shares of the real estate investment trust’s stock worth $342,000 after purchasing an additional 30,967 shares in the last quarter. Edmond DE Rothschild Holding S.A. increased its stake in shares of Gazit-Globe by 35.9% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 107,680 shares of the real estate investment trust’s stock worth $1,039,000 after purchasing an additional 28,440 shares in the last quarter. Finally, Swiss National Bank increased its stake in shares of Gazit-Globe by 3.0% in the second quarter. Swiss National Bank now owns 165,465 shares of the real estate investment trust’s stock worth $1,598,000 after purchasing an additional 4,788 shares in the last quarter. Hedge funds and other institutional investors own 8.80% of the company’s stock.
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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