Gazit Globe (GZT) Hits New 52-Week Low at $7.78

Gazit Globe Ltd (NYSE:GZT) (TSE:GZT)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $7.78 and last traded at $7.94, with a volume of 100 shares trading hands. The stock had previously closed at $7.80.

The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.43.

Gazit Globe (NYSE:GZT) (TSE:GZT) last posted its earnings results on Tuesday, November 20th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter. Gazit Globe had a negative net margin of 11.36% and a positive return on equity of 2.11%. The firm had revenue of $188.52 million during the quarter.



Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of Gazit Globe by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 2,765,982 shares of the real estate investment trust’s stock valued at $25,225,000 after purchasing an additional 33,149 shares during the period. Altshuler Shaham Ltd increased its holdings in Gazit Globe by 13.6% in the 3rd quarter. Altshuler Shaham Ltd now owns 10,673,150 shares of the real estate investment trust’s stock worth $98,614,000 after acquiring an additional 1,274,678 shares in the last quarter. Commonwealth Bank of Australia purchased a new stake in Gazit Globe in the 3rd quarter worth $111,000. Bank of New York Mellon Corp increased its holdings in Gazit Globe by 83.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 438,592 shares of the real estate investment trust’s stock worth $4,038,000 after acquiring an additional 199,210 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in Gazit Globe by 36.8% in the 2nd quarter. Bank of America Corp DE now owns 60,547 shares of the real estate investment trust’s stock worth $564,000 after acquiring an additional 16,300 shares in the last quarter. Hedge funds and other institutional investors own 10.28% of the company’s stock.

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About Gazit Globe (NYSE:GZT)

Gazit Globe Ltd, through its subsidiaries, acquires, owns, develops, operates, and manages supermarket-anchored shopping centers in North America, Europe, and internationally. As of December 31, 2016, the company owned and operated 426 properties with a gross leasable area of approximately 6.6 million square meters in approximately 20 countries.

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