Plaza Retail REIT (TSE:PLZ.UN) Price Target Raised to C$5.00

Plaza Retail REIT (TSE:PLZ.UN) had its target price upped by Desjardins from C$4.75 to C$5.00 in a research report sent to investors on Wednesday,BayStreet.CA reports. They currently have a buy rating on the stock.

Separately, Royal Bank Of Canada boosted their price objective 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 Wednesday. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$4.88.

Plaza Retail REIT Price Performance

Shares of TSE PLZ.UN opened at C$4.42 on Wednesday. The company has a debt-to-equity ratio of 124.16, a current ratio of 0.22 and a quick ratio of 0.06. The company has a market cap of C$488.12 million, a price-to-earnings ratio of 12.57 and a beta of 0.74. The stock’s 50-day moving average is C$4.31 and its two-hundred day moving average is C$4.20. Plaza Retail REIT has a 1-year low of C$3.40 and a 1-year high of C$4.54.

Plaza Retail REIT Company Profile

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.