Plaza Retail REIT (TSE:PLZ.UN) Share Price Crosses Above Fifty Day Moving Average - What's Next?

Key Points

• Technical breakout and analyst upgrades: Shares crossed above their 50‑day moving average (50‑day C$4.31) and traded up to C$4.47 (last C$4.44 on volume 146,807), while analysts lifted targets (average price target C$4.88) with Desjardins upgrading to Buy and RBC raising its target.
• Attractive yield but substantial payout: The REIT declared a monthly dividend of $0.0233 per share (ex‑dividend Apr 30, payable May 15), implying a ~6.3% yield and a dividend payout ratio of about 55.9%.
• Balance‑sheet risk: Liquidity is very low (quick ratio 0.06, current ratio 0.22) and leverage is high (debt‑to‑equity 124.16), which investors should weigh against valuation metrics (P/E ~8.9, market cap C$490M).

Shares of Plaza Retail REIT (TSE:PLZ.UN - Get Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$4.31 and traded as high as C$4.47. Plaza Retail REIT shares last traded at C$4.44, with a volume of 146,807 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PLZ.UN. Desjardins increased their price target on Plaza Retail REIT from C$4.75 to C$5.00 and gave the company a "buy" rating in a research report on Wednesday, March 4th. Royal Bank Of Canada boosted their target price on shares of Plaza Retail REIT from C$4.50 to C$4.75 and gave the company a "sector perform" rating in a research note on Wednesday, March 4th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of C$4.88.

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 firm has a market capitalization of C$490.33 million, a price-to-earnings ratio of 8.87 and a beta of 0.68. The stock's 50 day moving average price is C$4.31 and its two-hundred day moving average price is C$4.22.

Plaza Retail REIT (TSE:PLZ.UN - Get Free Report) last issued its earnings results on Monday, March 2nd. The company reported C$0.22 EPS for the quarter. Plaza Retail REIT had a return on equity of 2.07% and a net margin of 9.40%.The firm had revenue of C$31.80 million for the quarter.

Plaza Retail REIT Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.0233 per share. The ex-dividend date is Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. Plaza Retail REIT's dividend payout ratio (DPR) is currently 55.92%.

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.

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