Swiss National Bank raised its position in shares of Gazit-Globe Ltd. (NYSE:GZT) by 10.1% during the second quarter, Holdings Channel reports. The institutional investor owned 159,461 shares of the real estate investment trust’s stock after buying an additional 14,590 shares during the period. Swiss National Bank owned about 0.08% of Gazit-Globe worth $1,424,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Eqis Capital Management Inc. increased its stake in 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. Bank of New York Mellon Corp increased its stake 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 worth $4,040,000 after buying an additional 114,103 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Gazit-Globe during the second quarter worth about $894,000. 3.75% of the stock is owned by hedge funds and other institutional investors.
Shares of Gazit-Globe Ltd. (NYSE:GZT) traded up 0.99% during mid-day trading on Wednesday, hitting $10.18. 6,337 shares of the stock were exchanged. Gazit-Globe Ltd. has a 52 week low of $7.15 and a 52 week high of $11.24. The stock’s market capitalization is $1.97 billion. The stock’s 50-day moving average is $10.21 and its 200-day moving average is $9.40.
Gazit-Globe (NYSE:GZT) last announced its earnings results on Tuesday, August 23rd. The real estate investment trust reported $0.19 EPS for the quarter. Gazit-Globe had a negative net margin of 1.05% and a positive return on equity of 0.51%.
The company also recently announced a special dividend, which was paid on Monday, September 12th. Stockholders of record on Monday, September 5th were issued a $0.0923 dividend. The ex-dividend date of this dividend was Monday, September 5th. Gazit-Globe’s dividend payout ratio is currently -369.96%.
Separately, Zacks Investment Research downgraded shares of Gazit-Globe from a “hold” rating to a “sell” rating in a report on Monday, June 20th.
Gazit-Globe Company Profile
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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