Gazit-Globe Ltd. (NYSE:GZT) (TSE:GZT) – Equities researchers at National Bank Financial dropped their FY2016 earnings per share (EPS) estimates for Gazit-Globe in a research report issued to clients and investors on Wednesday. National Bank Financial analyst M. Kornack now forecasts that the brokerage will post earnings per share of $0.75 for the year, down from their previous forecast of $0.79. National Bank Financial also issued estimates for Gazit-Globe’s FY2017 earnings at $0.81 EPS.

Other equities research analysts have also issued research reports about the company. Canaccord Genuity restated a “hold” rating and issued a $14.50 price objective on shares of Gazit-Globe in a research report on Thursday, October 13th. TheStreet upgraded Gazit-Globe from a “sell” rating to a “hold” rating in a research report on Wednesday, November 23rd. Finally, Zacks Investment Research lowered Gazit-Globe from a “hold” rating to a “sell” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. Gazit-Globe has a consensus rating of “Hold” and a consensus target price of $14.50.

ILLEGAL ACTIVITY NOTICE: “Gazit-Globe Ltd. Forecasted to Post FY2016 Earnings of $0.75 Per Share (GZT)” was first posted by Financial Market News and is owned by of Financial Market News. If you are accessing this story on another publication, it was copied illegally and republished in violation of U.S. and international copyright & trademark legislation. The original version of this story can be read at http://www.financial-market-news.com/gazit-globe-ltd-forecasted-to-post-fy2016-earnings-of-0-75-per-share-gzt/1209756/.

Gazit-Globe (NYSE:GZT) opened at 9.05 on Monday. Gazit-Globe has a 12-month low of $7.15 and a 12-month high of $10.97. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 17.75 and a beta of 1.05. The company has a 50 day moving average of $9.27 and a 200-day moving average of $9.51.

Several hedge funds and other institutional investors have recently made changes to their positions in GZT. Credit Suisse AG increased its position in shares of Gazit-Globe by 8.2% in the third quarter. Credit Suisse AG now owns 51,557 shares of the real estate investment trust’s stock valued at $533,000 after buying an additional 3,907 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Gazit-Globe by 4.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,646 shares of the real estate investment trust’s stock valued at $150,000 after buying an additional 581 shares during the last quarter. Eqis Capital Management Inc. increased 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 during the last quarter. Counsel Portfolio Services Inc. acquired a new position in shares of Gazit-Globe during the second quarter valued at $3,018,000. Finally, Vanguard Group Inc. increased 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 during the last quarter. 13.38% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “Gazit-Globe Ltd. Forecasted to Post FY2016 Earnings of $0.75 Per Share (GZT)” was first posted by Financial Market News and is owned by of Financial Market News. If you are accessing this story on another publication, it was copied illegally and republished in violation of U.S. and international copyright & trademark legislation. The original version of this story can be read at http://www.financial-market-news.com/gazit-globe-ltd-forecasted-to-post-fy2016-earnings-of-0-75-per-share-gzt/1209756/.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 13th. Stockholders of record on Tuesday, December 6th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend is Friday, December 2nd. Gazit-Globe’s payout ratio is 66.07%.

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.

5 Day Chart for NYSE:GZT

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