Plaza Retail REIT (TSE:PLZ.UN) Share Price Passes Below 50-Day Moving Average - Time to Sell?

Key Points

• Plaza Retail REIT's share price crossed below its 50‑day moving average, trading as low as C$4.21 and last at C$4.26 versus the 50‑day MA of C$4.30 (volume 72,094).
• Analysts are mildly positive: Desjardins upgraded to a Buy with a C$5.00 target, RBC raised its target to C$4.75 with a Sector Perform, and consensus is a Moderate Buy with an average target of C$4.88.
• The REIT has high leverage and weak liquidity — debt‑to‑equity of 124.16, quick ratio 0.06 and current ratio 0.22 — while trading at a PE of 8.51 and a market cap of C$470.45M.

Plaza Retail REIT (TSE:PLZ.UN - Get Free Report)'s share price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$4.30 and traded as low as C$4.21. Plaza Retail REIT shares last traded at C$4.26, with a volume of 72,094 shares.

Analyst Upgrades and Downgrades

PLZ.UN has been the subject of a number of analyst reports. Desjardins upped their target price on Plaza Retail REIT from C$4.75 to C$5.00 and gave the stock a "buy" rating in a report on Wednesday, March 4th. Royal Bank Of Canada upped 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 report on Wednesday, March 4th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Plaza Retail REIT presently has a consensus rating of "Moderate Buy" and an average price target of C$4.88.

Plaza Retail REIT Stock Performance

The firm has a fifty day moving average price of C$4.30 and a 200 day moving average price of C$4.21. The company has a debt-to-equity ratio of 124.16, a quick ratio of 0.06 and a current ratio of 0.22. The stock has a market cap of C$470.45 million, a PE ratio of 8.51 and a beta of 0.68.

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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