TheStreet upgraded shares of Gazit-Globe Ltd. (NYSE:GZT) (TSE:GZT) from a sell rating to a hold rating in a research report sent to investors on Wednesday.
A number of other equities research analysts also recently commented on GZT. Zacks Investment Research downgraded 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 target price on shares of Gazit-Globe in a report on Thursday, October 13th. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $14.50.
Gazit-Globe (NYSE:GZT) opened at 8.86 on Wednesday. The firm has a 50-day moving average of $9.27 and a 200-day moving average of $9.51. The firm’s market cap is $1.72 billion. Gazit-Globe has a 52-week low of $7.15 and a 52-week high of $10.97.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 13th. Stockholders of record on Tuesday, December 6th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 4.06%. The ex-dividend date is Friday, December 2nd. Gazit-Globe’s dividend payout ratio (DPR) is presently 66.07%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Swiss National Bank increased its position in Gazit-Globe by 10.1% in the second quarter. Swiss National Bank now owns 159,461 shares of the real estate investment trust’s stock valued at $1,424,000 after buying an additional 14,590 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Gazit-Globe during the second quarter valued at about $894,000. Bank of New York Mellon Corp increased its position in Gazit-Globe by 33.8% in the second 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 buying an additional 114,103 shares during the period. Boston Partners purchased a new position in Gazit-Globe during the second quarter valued at about $165,000. Finally, Credit Suisse AG increased its position in 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 valued at $533,000 after buying an additional 3,907 shares during the period. 13.38% of the stock is owned by institutional investors and hedge funds.