Today: Today, Gazit-Globe Ltd. (GZT) Raised to “Hold” at TheStreet

Today, Gazit-Globe Ltd. (GZT) Raised to “Hold” at TheStreet

Gazit-Globe Ltd. (NYSE:GZT) (TSE:GZT) was upgraded by analysts at TheStreet from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

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

Gazit-Globe (NYSE:GZT) traded up 0.93% during trading on Wednesday, hitting $8.72. 12,064 shares of the stock traded hands. The firm has a 50-day moving average price of $9.30 and a 200 day moving average price of $9.51. The firm’s market cap is $1.69 billion. Gazit-Globe has a 12 month low of $7.15 and a 12 month high of $10.97.

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

Institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position 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. Boston Partners bought a new position in shares of Gazit-Globe during the second quarter worth approximately $165,000. Eqis Capital Management Inc. increased its position in shares of Gazit-Globe by 2.1% in the second quarter. Eqis Capital Management Inc. now owns 44,473 shares of the real estate investment trust’s stock worth $398,000 after buying an additional 894 shares in the last quarter. Credit Suisse AG increased its position 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. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Gazit-Globe during the second quarter worth approximately $894,000. Institutional investors and hedge funds own 13.46% of the company’s stock.

Gazit-Globe Company Profile

Related posts

Leave a Comment