TSE:PLZ.UN

Plaza Retail REIT - PLZ.UN Stock Forecast, Price & News

C$4.39

+0.06 (+1.39%)

(As of 03/24/2023 12:00 AM ET)

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Today's Range: C$4.33
▼
C$4.40
50-Day Range: C$4.30
▼
C$4.91
52-Week Range: C$3.88
▼
C$5.10

Volume: 12,573 shs
Average Volume: 39,277 shs
Market Capitalization: C$446.90 million

P/E Ratio: 8.44
Dividend Yield: 6.38%
Price Target: C$4.88

Plaza Retail REIT MarketRank™ Forecast

Analyst Rating: Hold
2.33 Rating Score
Upside/Downside: 11.0% Upside
C$4.88 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.87 out of 5 stars

2.2

Analyst's Opinion

Consensus Rating
Plaza Retail REIT has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$4.88, Plaza Retail REIT has a forecasted upside of 11.0% from its current price of C$4.39.
Amount of Analyst Coverage
Plaza Retail REIT has only been the subject of 2 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for PLZ.UN.

2.5

Dividend Strength

Dividend Leadership
Plaza Retail REIT is a leading dividend payer. It pays a dividend yield of 6.39%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Plaza Retail REIT does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Plaza Retail REIT is 53.85%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PLZ.UN.

0.6

News and Social Media Coverage

Search Interest
6 people have searched for PLZ.UN on MarketBeat in the last 30 days. This is an increase of 20% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Plaza Retail REIT insiders have not sold or bought any company stock.
Percentage Held by Insiders
35.98% of the stock of Plaza Retail REIT is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 1.54% of the stock of Plaza Retail REIT is held by institutions.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Plaza Retail REIT is 8.44, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.64.
Price to Earnings Ratio vs. Sector
The P/E ratio of Plaza Retail REIT is 8.44, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 172.54.
Price to Book Value per Share Ratio
Plaza Retail REIT has a P/B Ratio of 0.86. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Plaza Retail REIT (TSE:PLZ.UN) Stock

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 December 31, 2018 includes interests in 287 properties totaling approximately 8.2 million square feet across Canada and additional lands held for development. Plaza's properties include a mix of strip plazas, stand-alone small box retail outlets and enclosed shopping centres, anchored by approximately 91% national tenants.

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PLZ.UN Stock News Headlines

February 24, 2023 | finance.yahoo.com

Investing in Plaza Retail REIT (TSE:PLZ.UN) five years ago would have delivered you a 68% gain

February 23, 2023 | ca.finance.yahoo.com

Plaza Retail REIT Announces 2022 Results

March 25, 2023 | Weiss Ratings (Ad)

Banking Nightmare

During and after the Great Financial Crisis of 2008, 485 U.S. banks went under. Here at Weiss Ratings, we warned about 484 — an accuracy rate of 99.8%. Now, we have a new warning. But this time, it's not just about a few hundred banks … it's about nearly every single bank in America …

January 17, 2023 | sg.finance.yahoo.com

Plaza Retail REIT Announces January 2023 Distribution

December 16, 2022 | ca.finance.yahoo.com

Plaza Retail REIT Announces December 2022 Distribution

November 15, 2022 | ca.finance.yahoo.com

Plaza Retail REIT Announces November 2022 Distribution

November 11, 2022 | ca.finance.yahoo.com

Plaza Retail REIT Announces Third Quarter 2022 Results

October 17, 2022 | finance.yahoo.com

Plaza Retail REIT Announces October 2022 Distribution

March 25, 2023 | Weiss Ratings (Ad)

Banking Nightmare

July 7, 2022 | ca.finance.yahoo.com

PLAZA RETAIL REIT ANNOUNCES DATE OF SECOND QUARTER 2022 FINANCIAL RESULTS CONFERENCE CALL

May 7, 2022 | seekingalpha.com

Plaza Retail REIT's (PAZRF) CEO Michael Zakuta on Q1 2022 Results - Earnings Call Transcript

May 5, 2022 | finance.yahoo.com

Plaza Retail REIT Announces First Quarter 2022 Results

March 15, 2022 | ca.finance.yahoo.com

Plaza Retail REIT Announces March 2022 Distribution

January 19, 2022 | finance.yahoo.com

PLAZA RETAIL REIT ANNOUNCES NEW PROPERTY ACQUISITIONS IN QUEBEC AND ONTARIO AND PROVIDES UPDATE ON DEVELOPMENT PROJECTS

January 18, 2022 | sg.finance.yahoo.com

Plaza Retail REIT Announces January 2022 Distribution

December 15, 2021 | ca.finance.yahoo.com

Plaza Retail REIT Announces December 2021 Distribution

October 26, 2021 | finance.yahoo.com

Best Rated TSX Real Estate Dividend Stocks

October 13, 2021 | ca.finance.yahoo.com

Plaza Retail REIT Announces Date of Third Quarter 2021 Financial Results Conference Call

August 16, 2021 | markets.businessinsider.com

Plaza Retail REIT Announces August 2021 Distribution

August 10, 2021 | finance.yahoo.com

Why Plaza Retail REIT (TSE:PLZ.UN) Looks Like A Quality Company

August 5, 2021 | finance.yahoo.com

Plaza Retail REIT Announces Second Quarter 2021 Results

July 30, 2021 | ca.finance.yahoo.com

Passive Income: 2 Top REITs for Dividend Investors

July 16, 2021 | markets.businessinsider.com

Plaza Retail REIT Announces July 2021 Distribution

June 17, 2021 | markets.businessinsider.com

Plaza Retail REIT Announces June 2021 Distribution

May 17, 2021 | markets.businessinsider.com

Plaza Retail REIT Announces May 2021 Distribution

May 6, 2021 | markets.businessinsider.com

Plaza Retail REIT Announces First Quarter 2021 Results

April 21, 2021 | fool.ca

3 REITs Offer Compelling 7% (or Higher) Yields

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PLZ.UN Company Calendar

Ex-Dividend for 2/15 Dividend: 1/30/2023
Ex-Dividend for 2/15 Dividend: 1/30/2023
Dividend Payable: 2/15/2023
Dividend Payable: 2/15/2023
Today: 3/25/2023

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Industry, Sector and Symbol

Stock Exchange: TSE
Industry: REIT - Retail
Sub-Industry: N/A
Sector: Real Estate
Current Symbol: TSE:PLZ.UN
CUSIP: N/A
CIK: N/A
Web: www.plaza.ca
Phone: 506-451-1826
Fax: N/A
Employees: 98
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: C$4.88
High Stock Price Forecast: C$5.00
Low Stock Price Forecast: C$4.50
Forecasted Upside/Downside: +11.0%
Consensus Rating: Hold
Rating Score (0-4): 2.33
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$0.52
Trailing P/E Ratio: 8.44
Forward P/E Ratio: 12.25
P/E Growth: N/A
Net Income: C$53.89 million
Net Margins: 46.89%
Pretax Margin: N/A
Return on Equity: 10.64%
Return on Assets: 3.34%

Debt

Debt-to-Equity Ratio: 136.86
Current Ratio: 0.24
Quick Ratio: 0.06

Sales & Book Value

Annual Sales: C$114.94 million
Price / Sales: 3.89
Cash Flow: C$0.07 per share
Price / Cash Flow: 59.73
Book Value: C$5.10 per share
Price / Book: 0.86

Miscellaneous

Outstanding Shares: 101,800,000
Free Float: N/A
Market Cap: C$446.90 million
Optionable: Not Optionable
Beta: 1.03

Key Executives

Mr. Michael Aaron Zakuta (Age 59)
Pres, CEO & Trustee

Ms. Floriana Cipollone
Chief Financial Officer

Mr. James M. Petrie B.B.A.
LL.B., LL.M, Exec. VP & COO

Mr. Peter Mackenzie
Exec. VP & Chief Investment Officer

Ms. Kimberly A. Strange
Sec. & Corp. Counsel

Key Competitors

View All Competitors

Insiders

Peter Mackenzie
Bought 1,862 shares on 12/22/2022
Total: C$8,285.90 ($4.45/share)

View All Insider Transactions

PLZ.UN Stock - Frequently Asked Questions

Should I buy or sell Plaza Retail REIT stock right now?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Plaza Retail REIT in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PLZ.UN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PLZ.UN, but not buy additional shares or sell existing shares.
View PLZ.UN analyst ratings or view top-rated stocks.
What is Plaza Retail REIT's stock price forecast for 2023?: 3 analysts have issued 12 month price targets for Plaza Retail REIT's stock. Their PLZ.UN share price forecasts range from C$4.50 to C$5.00. On average, they expect the company's share price to reach C$4.88 in the next twelve months. This suggests a possible upside of 11.0% from the stock's current price.
View analysts price targets for PLZ.UN or view top-rated stocks among Wall Street analysts.
How have PLZ.UN shares performed in 2023?: Plaza Retail REIT's stock was trading at C$4.48 at the beginning of 2023. Since then, PLZ.UN stock has decreased by 2.0% and is now trading at C$4.39.
View the best growth stocks for 2023 here.
How often does Plaza Retail REIT pay dividends? What is the dividend yield for Plaza Retail REIT?: Plaza Retail REIT announced a monthly dividend on Monday, January 30th. Shareholders of record on Wednesday, February 15th will be paid a dividend of 0.0233 per share on Wednesday, February 15th. This represents a $0.28 annualized dividend and a yield of 6.37%. The ex-dividend date of this dividend is Monday, January 30th.
Read our dividend analysis for PLZ.UN.

Is Plaza Retail REIT a good dividend stock?: Plaza Retail REIT (TSE:PLZ.UN) pays an annual dividend of C$0.28 per share and currently has a dividend yield of 6.39%. PLZ.UN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 53.85%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for PLZ.UN.
What is Plaza Retail REIT's stock symbol?: Plaza Retail REIT trades on the Toronto Stock Exchange (TSX) under the ticker symbol "PLZ.UN."
How do I buy shares of Plaza Retail REIT?: Shares of PLZ.UN stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.
What is Plaza Retail REIT's stock price today?: One share of PLZ.UN stock can currently be purchased for approximately C$4.39.
How much money does Plaza Retail REIT make?: Plaza Retail REIT (TSE:PLZ.UN) has a market capitalization of C$446.90 million and generates C$114.94 million in revenue each year. The company earns C$53.89 million in net income (profit) each year or C$0.52 on an earnings per share basis.
How can I contact Plaza Retail REIT?: The official website for the company is www.plaza.ca. The company can be reached via phone at 506-451-1826.

This page (TSE:PLZ.UN) was last updated on 3/25/2023 by MarketBeat.com Staff

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Plaza Retail REIT - PLZ.UN Stock Forecast, Price & News

Plaza Retail REIT MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

Search Interest

Company Ownership

Earnings and Valuation

About Plaza Retail REIT (TSE:PLZ.UN) Stock

PLZ.UN Stock News Headlines

PLZ.UN Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

PLZ.UN Stock - Frequently Asked Questions

Overall MarketRank^™