Gazit Globe (NYSE:GZT) Share Price Passes Below 50-Day Moving Average of $7.97

Gazit Globe Ltd (NYSE:GZT) (TSE:GZT) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $7.97 and traded as low as $8.04. Gazit Globe shares last traded at $8.15, with a volume of 502 shares trading hands.

The firm’s 50 day moving average price is $7.97. The company has a market capitalization of $1.58 billion, a PE ratio of 8.67 and a beta of 1.22. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.84 and a current ratio of 0.84.

A number of large investors have recently bought and sold shares of GZT. Altshuler Shaham Ltd grew its position in shares of Gazit Globe by 6.9% in the 4th quarter. Altshuler Shaham Ltd now owns 11,412,249 shares of the real estate investment trust’s stock worth $80,344,000 after acquiring an additional 739,099 shares in the last quarter. Bank of America Corp DE grew its position in shares of Gazit Globe by 30.0% in the 4th quarter. Bank of America Corp DE now owns 32,601 shares of the real estate investment trust’s stock worth $226,000 after acquiring an additional 7,517 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of Gazit Globe in the 4th quarter worth approximately $3,223,000. Norges Bank acquired a new position in shares of Gazit Globe in the 4th quarter worth approximately $7,237,000. Finally, Deutsche Bank AG grew its position in shares of Gazit Globe by 88.1% in the 4th quarter. Deutsche Bank AG now owns 109,876 shares of the real estate investment trust’s stock worth $761,000 after acquiring an additional 51,467 shares in the last quarter. 10.65% of the stock is currently owned by institutional investors and hedge funds.

Gazit Globe Company Profile (NYSE:GZT)

Gazit Globe Ltd, through its subsidiaries, acquires, owns, develops, operates, and manages supermarket-anchored shopping centers and retail-based mixed-use properties in North America, Brazil, Israel, and Europe. As of September 30, 2018, the company owned and operated 101 properties with a gross leasable area of approximately 2.5 million square meters.

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