Gazit Globe Ltd (GZT) Lifted Dividend to $0.10 Per Share

Gazit Globe Ltd (GZT) Lifted Dividend to $0.10 Per Share

Gazit Globe Ltd (NYSE:GZT) (TSE:GZT) announced a special dividend on Tuesday, March 28th. Shareholders of record on Wednesday, April 12th will be paid a dividend of 0.096 per share by the real estate investment trust on Monday, April 24th. The ex-dividend date is Wednesday, April 12th. This is a boost from Gazit Globe’s previous special dividend of $0.09.

Shares of Gazit Globe (NYSE:GZT) traded down 3.05% during midday trading on Tuesday, reaching $10.18. 2,202 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $10.13 and a 200 day moving average price of $9.55. The firm has a market cap of $1.95 billion, a PE ratio of 18.64 and a beta of 1.03. Gazit Globe has a 12 month low of $8.30 and a 12 month high of $10.97.

GZT has been the topic of a number of analyst reports. Barclays PLC initiated coverage on shares of Gazit Globe in a report on Tuesday. They issued an “overweight” rating on the stock. Zacks Investment Research upgraded shares of Gazit Globe from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 24th. Finally, TheStreet lowered shares of Gazit Globe from a “hold” rating to a “sell” rating in a report on Tuesday, January 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $14.50.

About Gazit Globe

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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