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

Key Points

• Plaza Retail REIT shares reached a new 52-week high of C$5.37 after the company announced a C$0.0233-per-share dividend, equivalent to an annualized C$0.28 payout and a 5.2% yield.
• Analysts maintain a consensus “Hold” rating, with a C$5.30 average price target. Desjardins and Canaccord Genuity both recently downgraded the stock from “Buy” to “Hold.”
• The REIT reported quarterly revenue of C$32.19 million and EPS of C$0.15, while its portfolio comprised 189 properties totaling approximately 8.8 million square feet across Canada.

Plaza Retail REIT (TSE:PLZ.UN - Get Free Report)'s share price hit a new 52-week high 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. Shareholders of record on Monday, November 16th will be issued a dividend of $0.0233 per share. The ex-dividend date is Friday, October 30th. This represents a $0.28 annualized dividend and a yield of 5.2%. Plaza Retail REIT's payout ratio is currently 49.39%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Desjardins downgraded shares of Plaza Retail REIT from a "buy" rating to a "hold" rating and boosted their target price for the stock from C$5.00 to C$5.50 in a research report on Friday, August 7th. Canaccord Genuity Group cut shares of Plaza Retail REIT from a "buy" rating to a "hold" rating and reduced their price target for the stock from C$5.75 to C$5.65 in a research report on Monday, October 26th. Three analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, Plaza Retail REIT has a consensus 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 company has a market capitalization of C$589.90 million, a P/E ratio of 9.42 and a beta of 0.63. The business has a 50 day simple moving average of C$5.26 and a 200-day simple moving average of C$4.76.

Plaza Retail REIT (TSE:PLZ.UN - Get Free Report) last posted its 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 firm 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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