Plaza Retail REIT (TSE:PLZ.UN – Get Free Report)’s share price hit a new 52-week high during trading on Monday . The company traded as high as C$4.63 and last traded at C$4.65, with a volume of 35414 shares. The stock had previously closed at C$4.60.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the company. Desjardins lifted their target price on Plaza Retail REIT from C$4.75 to C$5.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Royal Bank Of Canada lifted their target price on Plaza Retail REIT from C$4.50 to C$4.75 and gave the stock a “sector perform” rating in a report on Wednesday, March 4th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$4.88.
Check Out Our Latest Analysis on Plaza Retail REIT
Plaza Retail REIT Trading Down 0.6%
Plaza Retail REIT (TSE:PLZ.UN – Get Free Report) last posted its quarterly earnings data on Wednesday, May 13th. The company reported C$0.12 earnings per share (EPS) for the quarter. Plaza Retail REIT had a return on equity of 2.07% and a net margin of 9.40%.The company had revenue of C$32.51 million during the quarter.
Plaza Retail REIT Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.0233 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. Plaza Retail REIT’s dividend payout ratio is presently 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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