Plaza Retail REIT (TSE:PLZ.UN) Cut to “Hold” at Canaccord Genuity Group

Canaccord Genuity Group downgraded shares of Plaza Retail REIT (TSE:PLZ.UN) from a buy rating to a hold rating in a research report released on Monday morning,BayStreet reports. The brokerage currently has C$5.65 price objective on the stock, down from their prior price objective of C$5.75.

Separately, Desjardins downgraded shares of Plaza Retail REIT from a “buy” rating to a “hold” rating and upped their price objective for the company from C$5.00 to C$5.50 in a report on Friday, August 7th. Three analysts have rated the stock with a Hold rating. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$5.30.

Plaza Retail REIT Trading Up 0.8%

Plaza Retail REIT stock opened at C$5.23 on Monday. The company has a quick ratio of 0.06, a current ratio of 0.22 and a debt-to-equity ratio of 124.16. Plaza Retail REIT has a 52 week low of C$3.96 and a 52 week high of C$5.37. The company has a market capitalization of C$577.75 million, a price-to-earnings ratio of 9.23 and a beta of 0.63. The stock has a 50-day moving average price of C$5.27 and a 200 day moving average price of C$4.75.

Plaza Retail REIT (TSE:PLZ.UN) last issued its quarterly earnings results on Wednesday, August 5th. The company reported C$0.15 earnings per share for the quarter. Plaza Retail REIT had a net margin of 9.40% and a return on equity of 2.07%. The company had revenue of C$32.19 million for the quarter.

Plaza Retail REIT Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 16th will be paid a $0.0233 dividend. This represents a $0.28 annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Friday, October 30th. Plaza Retail REIT’s payout ratio is currently 49.39%.

Plaza Retail REIT Company Profile

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 June 30, 2026 includes interests in 189 properties totaling approximately 8.8 million square feet across Canada and additional lands held for development. Plaza’s portfolio largely consists of open-air centres and stand-alone small box retail outlets and is predominantly occupied by national tenants with a focus on the essential needs, value and convenience market segments.