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

Key Points

• Canaccord Genuity downgraded Plaza Retail REIT from “Buy” to “Hold” and lowered its price target to C$5.65 from C$5.75, implying roughly 9.5% upside from the prior close.
• Desjardins also moved the REIT to a “Hold” rating while raising its target to C$5.50; the analyst consensus is now “Hold” with a C$5.30 target.
• Plaza shares fell C$0.14 to C$5.16, while the REIT reported quarterly revenue of C$32.19 million and earnings of C$0.15 per share.

Plaza Retail REIT (TSE:PLZ.UN - Get Free Report) was downgraded by Canaccord Genuity Group from a "buy" rating to a "hold" rating in a report issued on Monday, BayStreet reports. They currently have a C$5.65 price objective on the stock, down from their previous price objective of C$5.75. Canaccord Genuity Group's target price would indicate a potential upside of 9.50% from the stock's previous close.

Separately, Desjardins lowered Plaza Retail REIT from a "buy" rating to a "hold" rating and boosted their price target for the stock from C$5.00 to C$5.50 in a research note on Friday, August 7th. Three equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat, Plaza Retail REIT has a consensus rating of "Hold" and a consensus target price of C$5.30.

Plaza Retail REIT Price Performance

Shares of TSE PLZ.UN traded down C$0.14 during trading on Monday, hitting C$5.16. 265,873 shares of the company were exchanged, compared to its average volume of 109,668. The company has a market cap of C$570.02 million, a price-to-earnings ratio of 9.10 and a beta of 0.63. Plaza Retail REIT has a 1 year low of C$3.96 and a 1 year high of C$5.37. The firm's fifty day moving average price is C$5.27 and its 200 day moving average price is C$4.92. The company has a debt-to-equity ratio of 124.16, a current ratio of 0.22 and a quick ratio of 0.06.

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

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.

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