Brokerages Set Plaza Retail REIT (TSE:PLZ.UN) PT at C$4.67

Shares of Plaza Retail REIT (TSE:PLZ.UN) have been given a consensus rating of “Hold” by the six ratings firms that are covering the company, reports. Four analysts have rated the stock with a hold rating. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$4.67.

A number of research analysts have weighed in on PLZ.UN shares. Raymond James reaffirmed a “market perform” rating and issued a C$4.50 price objective on shares of Plaza Retail REIT in a report on Friday, November 8th. Desjardins lowered shares of Plaza Retail REIT from a “buy” rating to a “hold” rating and increased their target price for the stock from C$4.50 to C$4.75 in a research note on Friday, November 22nd. Canaccord Genuity increased their target price on shares of Plaza Retail REIT from C$4.50 to C$4.75 in a research note on Wednesday, November 6th. Royal Bank of Canada raised their target price on Plaza Retail REIT from C$4.50 to C$4.75 and gave the company a “sector perform” rating in a research report on Monday, November 18th. Finally, CIBC lifted their price target on Plaza Retail REIT from C$4.50 to C$4.75 in a research note on Friday, November 8th.

Shares of TSE PLZ.UN traded up C$0.09 during trading on Friday, reaching C$4.66. 111,959 shares of the company traded hands, compared to its average volume of 91,926. The stock has a market cap of $468.31 million and a P/E ratio of 11.83. The firm’s fifty day simple moving average is C$4.58 and its 200 day simple moving average is C$4.40. The company has a current ratio of 0.28, a quick ratio of 0.10 and a debt-to-equity ratio of 142.50. Plaza Retail REIT has a 12-month low of C$3.86 and a 12-month high of C$4.76.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be given a $0.0233 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 6.00%. The ex-dividend date is Thursday, January 30th. Plaza Retail REIT’s dividend payout ratio (DPR) is 71.07%.

About Plaza Retail REIT

Plaza is an open-ended real estate investment trust and is a leading retail property owner and developer, focused on Ontario, Quebec and Atlantic Canada. Plaza's portfolio at December 31, 2018 includes interests in 287 properties totaling approximately 8.2 million square feet across Canada and additional lands held for development.

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Analyst Recommendations for Plaza Retail REIT (TSE:PLZ.UN)

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