Canada Pension Plan Investment Board continued to hold its position in shares of Gazit-Globe Ltd. (NYSE:GZT) (TSE:GZT) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 196,700 shares of the real estate investment trust’s stock at the end of the 2nd quarter. Canada Pension Plan Investment Board owned about 0.10% of Gazit-Globe worth $1,901,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Mawer Investment Management Ltd. raised its position in Gazit-Globe by 1.7% during the 2nd quarter. Mawer Investment Management Ltd. now owns 10,075,524 shares of the real estate investment trust’s stock worth $97,343,000 after purchasing an additional 171,525 shares during the last quarter. World Asset Management Inc bought a new position in Gazit-Globe during the 2nd quarter worth $113,000. State of New Jersey Common Pension Fund D raised its position in Gazit-Globe by 3.6% during the 2nd 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 purchasing an additional 10,000 shares during the last quarter. Acadian Asset Management LLC bought a new position in Gazit-Globe during the 2nd quarter worth $674,000. Finally, Eqis Capital Management Inc. raised its position in Gazit-Globe by 4.8% during the 2nd quarter. Eqis Capital Management Inc. now owns 88,563 shares of the real estate investment trust’s stock worth $866,000 after purchasing an additional 4,037 shares during the last quarter. 8.75% of the stock is currently owned by institutional investors.
Gazit-Globe Ltd. (NYSE GZT) traded down 1.51% on Friday, hitting $9.76. The stock had a trading volume of 190 shares. Gazit-Globe Ltd. has a 52-week low of $8.32 and a 52-week high of $10.69. The stock’s 50-day moving average is $9.65 and its 200-day moving average is $9.97. The company has a market cap of $1.91 billion, a P/E ratio of 6.94 and a beta of 1.12.
Gazit-Globe (NYSE:GZT) (TSE:GZT) last posted its earnings results on Tuesday, August 22nd. The real estate investment trust reported $0.52 earnings per share for the quarter. The company had revenue of $191.66 million during the quarter. Gazit-Globe had a negative net margin of 16.74% and a positive return on equity of 3.30%.
The company also recently announced a special dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Tuesday, September 19th will be issued a dividend of $0.0966 per share. The ex-dividend date is Tuesday, September 19th.
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Several research analysts recently issued reports on the company. BidaskClub raised Gazit-Globe from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Zacks Investment Research lowered Gazit-Globe from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Citigroup Inc. raised Gazit-Globe from a “neutral” rating to a “buy” rating and raised their target price for the stock from $9.20 to $11.00 in a research report on Wednesday, July 12th. Finally, TD Securities reissued a “buy” rating on shares of Gazit-Globe in a research report on Thursday, May 25th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $12.17.
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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