Gazit-Globe (GZT) Earning Somewhat Favorable Press Coverage, Analysis Finds

Media headlines about Gazit-Globe (NYSE:GZT) (TSE:GZT) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Gazit-Globe earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 46.7577065817096 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Several research firms recently weighed in on GZT. Zacks Investment Research raised shares of Gazit-Globe from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Monday. BidaskClub raised shares of Gazit-Globe from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Two research analysts have rated the stock with a sell rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $11.50.

Shares of Gazit-Globe (NYSE GZT) opened at $10.61 on Wednesday. Gazit-Globe has a 1-year low of $8.36 and a 1-year high of $10.82. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 1.37.

The business also recently disclosed a special dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 15th will be issued a $0.0992 dividend. The ex-dividend date of this dividend is Sunday, December 17th. This represents a yield of 4%. This is an increase from Gazit-Globe’s previous special dividend of $0.10.

In related news, Vice Chairman Chaim Katzman sold 1,055,758 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $64.30, for a total value of $67,885,239.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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Gazit-Globe Company Profile

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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