Today, Gazit-Globe Ltd. (GZT) Upgraded to Hold at TheStreet

Today, Gazit-Globe Ltd. (GZT) Upgraded to Hold at TheStreet
Gazit-Globe Ltd. (NYSE:GZT) (TSE:GZT) was upgraded by research analysts at TheStreet from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

A number of other equities research analysts also recently issued reports on GZT. Zacks Investment Research downgraded shares of Gazit-Globe from a “hold” rating to a “sell” rating in a report on Friday, August 26th. Canaccord Genuity reissued a “hold” rating and issued a $14.50 price target on shares of Gazit-Globe in a report on Thursday, October 13th. Four equities research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average target price of $14.50.

Shares of Gazit-Globe (NYSE:GZT) traded up 0.93% on Wednesday, hitting $8.72. 12,064 shares of the stock were exchanged. The company’s market cap is $1.69 billion. The company has a 50 day moving average of $9.30 and a 200 day moving average of $9.51. Gazit-Globe has a 52-week low of $7.15 and a 52-week high of $10.97.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 13th. Investors of record on Tuesday, December 6th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend is Friday, December 2nd. Gazit-Globe’s dividend payout ratio is currently -369.96%.

Large investors have recently made changes to their positions in the stock. Credit Suisse AG increased its stake in shares of Gazit-Globe by 8.2% in the third quarter. Credit Suisse AG now owns 51,557 shares of the real estate investment trust’s stock worth $533,000 after buying an additional 3,907 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Gazit-Globe by 4.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,646 shares of the real estate investment trust’s stock worth $150,000 after buying an additional 581 shares in the last quarter. Eqis Capital Management Inc. increased its stake in shares of Gazit-Globe by 26.9% in the third quarter. Eqis Capital Management Inc. now owns 56,451 shares of the real estate investment trust’s stock worth $584,000 after buying an additional 11,978 shares in the last quarter. Counsel Portfolio Services Inc. bought a new stake in shares of Gazit-Globe during the second quarter worth $3,018,000. Finally, Vanguard Group Inc. increased its stake in shares of Gazit-Globe by 5.0% in the second quarter. Vanguard Group Inc. now owns 2,033,775 shares of the real estate investment trust’s stock worth $18,182,000 after buying an additional 96,759 shares in the last quarter. 13.46% of the stock is currently owned by institutional investors and hedge funds.

Gazit-Globe Company Profile

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