Vanguard Group Inc. Grows Stake in Gazit-Globe Ltd. (GZT)

Vanguard Group Inc. increased its position in shares of Gazit-Globe Ltd. (NYSE:GZT) (TSE:GZT) by 4.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,300,944 shares of the real estate investment trust’s stock after purchasing an additional 96,678 shares during the period. Vanguard Group Inc. owned about 1.18% of Gazit-Globe worth $22,503,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GZT. UBS Group AG bought a new stake in shares of Gazit-Globe during the first quarter valued at approximately $493,000. Renaissance Technologies LLC increased its position in shares of Gazit-Globe by 14.3% during the first quarter. Renaissance Technologies LLC now owns 83,800 shares of the real estate investment trust’s stock valued at $877,000 after purchasing an additional 10,500 shares during the period. Bank of America Corp DE increased its position in shares of Gazit-Globe by 191.0% during the first quarter. Bank of America Corp DE now owns 46,380 shares of the real estate investment trust’s stock valued at $485,000 after purchasing an additional 30,441 shares during the period. AQR Capital Management LLC increased its position in shares of Gazit-Globe by 12.4% during the first quarter. AQR Capital Management LLC now owns 103,232 shares of the real estate investment trust’s stock valued at $1,055,000 after purchasing an additional 11,351 shares during the period. Finally, Credit Suisse AG increased its position in shares of Gazit-Globe by 68.9% during the first quarter. Credit Suisse AG now owns 91,235 shares of the real estate investment trust’s stock valued at $955,000 after purchasing an additional 37,222 shares during the period. Institutional investors and hedge funds own 8.91% of the company’s stock.

In other Gazit-Globe news, Vice Chairman Chaim Katzman sold 1,055,758 shares of the business’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $64.30, for a total value of $67,885,239.40. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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Shares of Gazit-Globe Ltd. (NYSE GZT) opened at $9.39 on Tuesday. Gazit-Globe Ltd. has a 1 year low of $8.32 and a 1 year high of $10.69. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 1.38.

Gazit-Globe (NYSE:GZT) (TSE:GZT) last announced its quarterly earnings results on Tuesday, August 22nd. The real estate investment trust reported $0.52 earnings per share for the quarter. Gazit-Globe had a positive return on equity of 3.30% and a negative net margin of 16.74%. The firm had revenue of $191.66 million for the quarter. equities research analysts anticipate that Gazit-Globe Ltd. will post 0.93 EPS for the current year.

GZT has been the topic of a number of analyst reports. Zacks Investment Research cut Gazit-Globe from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 24th. BidaskClub cut Gazit-Globe from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $11.00.

Gazit-Globe Profile

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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Institutional Ownership by Quarter for Gazit-Globe (NYSE:GZT)

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