Shares of Plaza Retail REIT (TSE:PLZ.UN – Get Free Report) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$4.39 and traded as high as C$4.50. Plaza Retail REIT shares last traded at C$4.44, with a volume of 66,185 shares traded.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on PLZ.UN. Desjardins upped their target price on shares of Plaza Retail REIT from C$4.75 to C$5.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Royal Bank Of Canada increased their price target on shares of Plaza Retail REIT from C$4.50 to C$4.75 and gave the company a “sector perform” rating in a research note on Wednesday, March 4th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$4.88.
Check Out Our Latest Stock Analysis on Plaza Retail REIT
Plaza Retail REIT Price Performance
Plaza Retail REIT (TSE:PLZ.UN – Get Free Report) last announced its quarterly earnings results on Wednesday, May 13th. The company reported C$0.12 EPS for the quarter. The company had revenue of C$32.51 million for the quarter. Plaza Retail REIT had a net margin of 9.40% and a return on equity of 2.07%.
Plaza Retail REIT Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 15th will be paid a $0.0233 dividend. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date is Friday, May 29th. Plaza Retail REIT’s dividend payout ratio is currently 52.66%.
About Plaza Retail REIT
Plaza Retail REIT is an open-ended real estate investment trust and is a retail property owner and developer, focused on Ontario, Quebec and Atlantic Canada. Plaza’s portfolio includes interests in approximately 268 properties totaling approximately 8.6 million square feet across Canada and additional lands held for development. Its portfolio largely consists of open-air centres and stand-alone small box retail outlets and is predominantly occupied by national tenants.
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