Plaza Retail REIT (TSE:PLZ.UN) Shares Cross Above 50-Day Moving Average - What's Next?

Key Points

• Plaza Retail REIT shares crossed above their 50-day moving average, reaching C$5.28 and last trading at C$5.27 on volume of more than 1 million shares.
• Analysts Canaccord Genuity and Desjardins downgraded the REIT from “Buy” to “Hold.” The consensus rating is “Hold,” with an average price target of C$5.30.
• Plaza declared a monthly dividend of C$0.0233 per share, equivalent to C$0.28 annually and a 5.3% yield; its latest quarter produced C$0.15 in earnings per share on C$32.19 million in revenue.

Shares of Plaza Retail REIT (TSE:PLZ.UN - Get Free Report) passed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of C$5.26 and traded as high as C$5.28. Plaza Retail REIT shares last traded at C$5.27, with a volume of 1,043,431 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Canaccord Genuity Group downgraded shares of Plaza Retail REIT from a "buy" rating to a "hold" rating and dropped their target price for the stock from C$5.75 to C$5.65 in a research note on Monday. Desjardins downgraded shares of Plaza Retail REIT from a "buy" rating to a "hold" rating and lifted their price target for the company 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 MarketBeat.com, Plaza Retail REIT currently has a consensus rating of "Hold" and a consensus target price of C$5.30.

Plaza Retail REIT Trading Up 0.8%

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 company has a market capitalization of C$582.17 million, a P/E ratio of 9.30 and a beta of 0.63. The company's fifty day simple moving average is C$5.26 and its 200-day simple moving average is C$4.75.

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 for the quarter. The firm had revenue of C$32.19 million during the quarter. Plaza Retail REIT had a net margin of 9.40% and a return on equity of 2.07%.

Plaza Retail REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 16th will be issued a $0.0233 dividend. The ex-dividend date is Friday, October 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.3%. Plaza Retail REIT's dividend payout ratio (DPR) is currently 49.39%.

About Plaza Retail REIT

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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