Plaza Retail REIT (TSE:PLZ.UN) Sets New 52-Week High Following Dividend Announcement

Plaza Retail REIT (TSE:PLZ.UN) reached a new 52-week high during trading on Monday after the company announced a dividend. The company traded as high as C$5.37 and last traded at C$5.34, with a volume of 140,113 shares trading hands. The stock had previously closed at C$5.27.

The newly announced dividend which will be paid on Monday, November 16th. Stockholders of record on Monday, November 16th will be paid a dividend of $0.0233 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.2%. Plaza Retail REIT’s dividend payout ratio (DPR) is 49.39%.

Analysts Set New Price Targets

Several analysts have commented on PLZ.UN shares. Canaccord Genuity Group downgraded shares of Plaza Retail REIT from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$5.75 to C$5.65 in a research report on Monday, October 26th. Desjardins downgraded shares of Plaza Retail REIT from a “buy” rating to a “hold” rating and raised their price objective for the stock 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.com, the stock presently has an average rating of “Hold” and a consensus price target of C$5.30.

Plaza Retail REIT Price Performance

The company has a quick ratio of 0.06, a current ratio of 0.22 and a debt-to-equity ratio of 124.16. The stock’s 50-day moving average price is C$5.26 and its 200-day moving average price is C$4.76. The company has a market capitalization of C$589.90 million, a price-to-earnings ratio of 9.42 and a beta of 0.63.

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

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 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.