Revenue Update on Gazit Globe Ltd(NYSE:GZT)

Gazit Globe Ltd(NYSE:GZT) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Mar 27, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $0.78.

Gazit Globe Ltd (GZT) shares turned negative on Fridays trading session with the shares closing down -0.06 points or -0.58% at a volume of 5,309. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $10.4. The peak price level was also seen at $10.4 while the days lowest was $9.86. Finally the shares closed at $10.22. The 52-week high of the shares is $10.97 while the 52-week low is $8.3. According to the latest information available, the market cap of the company is $1,998 M.

Gazit-Globe Ltd. is an owner and operator of supermarket-anchored shopping centers. The Company acquires develops and redevelops supermarket-anchored neighborhood and community shopping centers in urban markets. It has around 524 properties with a gross leasable area (GLA) of approximately 68 million square feet. Its properties are located across over 20 countries including the United States Canada Finland Sweden Poland the Czech Republic Israel Germany and Brazil. Its properties in the United States include The Gallery at Westbury Plaza Potrero Center Willows Shopping Center Serramonte Shopping Center and others. Its properties in Brazil include Morumbi Town Center Prado Shopping Center Flamingo and others. Its properties in Canada include Hazelton Lanes Cedarbrae Mall Northgate Centre and others. Its properties in Europe include Kista Galleria Iso Omena Palac Flora and others. Its properties in Israel include G Cinema City G Tzameret and others.

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