Gazit-Globe Ltd. (NYSE:GZT)‘s stock had its “hold” rating reaffirmed by equities research analysts at Canaccord Genuity in a note issued to investors on Thursday. They currently have a $14.50 price objective on the real estate investment trust’s stock. Canaccord Genuity’s target price would suggest a potential upside of 49.48% from the stock’s previous close.
Separately, Zacks Investment Research raised Gazit-Globe from a “sell” rating to a “hold” rating in a research note on Tuesday, July 26th. Two equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $14.50.
Gazit-Globe (NYSE:GZT) opened at 9.70 on Thursday. Gazit-Globe has a 52-week low of $7.15 and a 52-week high of $11.24. The company’s 50-day moving average price is $10.10 and its 200 day moving average price is $9.50. The firm’s market capitalization is $1.88 billion.
Gazit-Globe (NYSE:GZT) last released its earnings results on Tuesday, August 23rd. The real estate investment trust reported $0.19 EPS for the quarter. Gazit-Globe had a positive return on equity of 0.51% and a negative net margin of 1.05%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Counsel Portfolio Services Inc. bought a new position in Gazit-Globe during the second quarter valued at about $3,018,000. Bank of New York Mellon Corp raised 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 in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in Gazit-Globe during the second quarter valued at about $894,000. Vanguard Group Inc. raised its position in 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 valued at $18,182,000 after buying an additional 96,759 shares in the last quarter. Finally, Boston Partners bought a new position in Gazit-Globe during the second quarter valued at about $165,000. Institutional investors and hedge funds own 3.76% of the company’s stock.
Gazit-Globe Ltd. is an owner and operator of supermarket-anchored shopping centers. The Company’s segments include Shopping centers in U.S., Shopping centers in Canada, Shopping centers in North Europe, Shopping centers in Central-Eastern Europe and Other Segments. The Company acquires, develops and redevelops supermarket-anchored neighborhood and community shopping centers in urban markets.
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