Plaza Retail REIT (TSE:PLZ.UN) Share Price Passes Above 50 Day Moving Average - Here's What Happened

Key Points

• Plaza Retail REIT shares rose above their 50‑day moving average (C$4.34), trading as high as C$4.48 and last at C$4.45 on volume of 15,647 shares.
• Analysts have raised targets recently—RBC to C$4.75 (sector perform) and Desjardins to C$5.00 (buy)—giving a consensus of Moderate Buy with an average target of C$4.88.
• The REIT yields 6.3% (monthly dividend C$0.0233; ex‑dividend April 30), while fundamentals show a P/E of 8.89 and high leverage with a debt‑to‑equity ratio of 124.16.

Shares of Plaza Retail REIT (TSE:PLZ.UN - Get Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$4.34 and traded as high as C$4.48. Plaza Retail REIT shares last traded at C$4.45, with a volume of 15,647 shares changing hands.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Royal Bank Of Canada raised their target price 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, March 4th. Desjardins upped 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. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Plaza Retail REIT currently has an average rating of "Moderate Buy" and an average price target of C$4.88.

Plaza Retail REIT Stock Performance

The stock has a market capitalization of C$491.44 million, a price-to-earnings ratio of 8.89 and a beta of 0.68. 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 simple moving average is C$4.34 and its 200 day simple moving average is C$4.23.

Plaza Retail REIT (TSE:PLZ.UN - Get Free Report) last issued its quarterly earnings data on Monday, March 2nd. The company reported C$0.22 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 firm had revenue of C$31.80 million for the quarter.

Plaza Retail REIT Announces Dividend

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

About Plaza Retail REIT

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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