Bank of New York Mellon Corp cut its stake in shares of Gazit-Globe Ltd. (NYSE:GZT) (TSE:GZT) by 1.0% during the third quarter, Holdings Channel reports. The institutional investor owned 447,266 shares of the real estate investment trust’s stock after selling 4,580 shares during the period. Bank of New York Mellon Corp owned about 0.23% of Gazit-Globe worth $4,678,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. Eqis Capital Management Inc. boosted its position in shares of Gazit-Globe by 26.9% in the third quarter. Eqis Capital Management Inc. now owns 56,451 shares of the real estate investment trust’s stock valued at $584,000 after buying an additional 11,978 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of 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, Counsel Portfolio Services Inc. purchased a new position in shares of Gazit-Globe during the second quarter valued at about $3,018,000. 9.74% of the stock is owned by institutional investors and hedge funds.
Gazit-Globe Ltd. (NYSE:GZT) traded up 0.53% during trading on Friday, reaching $9.55. The company’s stock had a trading volume of 481 shares. Gazit-Globe Ltd. has a 52 week low of $7.15 and a 52 week high of $10.97. The firm has a market capitalization of $1.83 billion, a P/E ratio of 18.47 and a beta of 1.03. The firm has a 50-day moving average price of $9.11 and a 200-day moving average price of $9.57.
GZT has been the subject of several research reports. TheStreet raised Gazit-Globe from a “sell” rating to a “hold” rating in a report on Wednesday, November 23rd. Zacks Investment Research raised Gazit-Globe from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 25th. Finally, Canaccord Genuity reissued a “hold” rating and set a $14.50 price target on shares of Gazit-Globe in a research report on Thursday, October 13th. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $14.50.
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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