Plaza Retail REIT (TSE:PLZ.UN) has been given a consensus recommendation of “Hold” by the six analysts that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$4.67.
A number of brokerages have issued reports on PLZ.UN. Desjardins downgraded Plaza Retail REIT from a “buy” rating to a “hold” rating and increased their price target for the stock from C$4.50 to C$4.75 in a research report on Friday, November 22nd. Canaccord Genuity increased their price target on Plaza Retail REIT from C$4.50 to C$4.75 in a research report on Wednesday, November 6th. Royal Bank of Canada increased their price target on Plaza Retail REIT from C$4.50 to C$4.75 and gave the stock a “sector perform” rating in a research report on Monday, November 18th. Raymond James reiterated a “market perform” rating and set a C$4.50 price target on shares of Plaza Retail REIT in a research report on Friday, November 8th. Finally, CIBC increased their price target on Plaza Retail REIT from C$4.50 to C$4.75 in a research report on Friday, November 8th.
Shares of PLZ.UN traded up C$0.03 during mid-day trading on Friday, reaching C$4.69. The company had a trading volume of 111,646 shares, compared to its average volume of 91,926. Plaza Retail REIT has a 52-week low of C$3.86 and a 52-week high of C$4.76. The company has a quick ratio of 0.10, a current ratio of 0.28 and a debt-to-equity ratio of 142.50. The stock has a market capitalization of $479.56 million and a P/E ratio of 11.90. The stock has a 50 day moving average of C$4.58 and a two-hundred day moving average of C$4.41.
The firm also recently declared a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.0233 per share. The ex-dividend date of this dividend is Thursday, January 30th. This represents a $0.28 dividend on an annualized basis and a yield of 5.96%. Plaza Retail REIT’s dividend payout ratio is currently 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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