Gazit-Globe (NYSE:GZT) (TSE:GZT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Monday. The firm presently has a $12.00 target price on the real estate investment trust’s stock. Zacks Investment Research‘s price objective points to a potential upside of 13.85% from the company’s current price.

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. “

Separately, BidaskClub raised shares of Gazit-Globe from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $11.50.

Shares of Gazit-Globe (NYSE GZT) traded up $0.22 on Monday, hitting $10.54. 2,041 shares of the stock traded hands, compared to its average volume of 10,844. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.41 and a current ratio of 0.41. Gazit-Globe has a 12 month low of $8.36 and a 12 month high of $10.69.

In other news, Vice Chairman Chaim Katzman sold 1,055,758 shares of Gazit-Globe stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $64.30, for a total value of $67,885,239.40. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Eqis Capital Management Inc. grew its stake in shares of Gazit-Globe by 2.1% in the 2nd quarter. Eqis Capital Management Inc. now owns 44,473 shares of the real estate investment trust’s stock worth $398,000 after purchasing an additional 894 shares during the last quarter. Swiss National Bank increased its position 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 acquiring an additional 4,788 shares in the last quarter. Edmond DE Rothschild Holding S.A. increased its position 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 worth $814,000 after acquiring an additional 5,650 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of 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 acquiring an additional 8,674 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its position in shares of Gazit-Globe by 3.6% in the second quarter. State of New Jersey Common Pension Fund D now owns 287,500 shares of the real estate investment trust’s stock worth $2,809,000 after acquiring an additional 10,000 shares in the last quarter. 8.71% of the stock is currently owned by institutional investors.

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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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