TSE:PLZ.UN

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

C$4.32

-0.04 (-0.92%)

(As of 08/19/2022 12:00 AM ET)

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Today's Range: C$4.30
▼
C$4.37
50-Day Range: C$3.92
▼
C$4.50
52-Week Range: C$3.88
▼
C$5.10

Volume: 13,896 shs
Average Volume: 55,568 shs
Market Capitalization: C$439.82 million

P/E Ratio: 3.89
Dividend Yield: 6.42%
Price Target: C$5.13

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.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PLZ.UN shares. CIBC reduced their target price on shares of Plaza Retail REIT from C$5.00 to C$4.75 and set a "neutral" rating on the stock in a research report on Friday, August 5th. BMO Capital Markets upgraded shares of Plaza Retail REIT to a "buy" rating and set a C$5.65 price objective on the stock in a research note on Monday, May 9th.

Plaza Retail REIT Trading Down 0.9 %

TSE:PLZ.UN opened at C$4.32 on Friday. The company has a fifty day simple moving average of C$4.16 and a two-hundred day simple moving average of C$4.58. The stock has a market cap of C$439.82 million and a P/E ratio of 3.89. Plaza Retail REIT has a 12-month low of C$3.88 and a 12-month high of C$5.10. The company has a current ratio of 0.17, a quick ratio of 0.06 and a debt-to-equity ratio of 134.50.

Plaza Retail REIT Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 15th will be issued a $0.0233 dividend. The ex-dividend date is Tuesday, August 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 6.47%. Plaza Retail REIT's dividend payout ratio is currently 25.22%.

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PLZ.UN Stock News Headlines

August 9, 2022 | americanbankingnews.com

Plaza Retail REIT (TSE:PLZ.UN) Given New C$4.75 Price Target at CIBC

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

April 15, 2021 | markets.businessinsider.com

Plaza Retail REIT Announces April 2021 Distribution

April 9, 2021 | markets.businessinsider.com

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

March 26, 2021 | finance.yahoo.com

Did Plaza Retail REIT's (TSE:PLZ.UN) Share Price Deserve to Gain 39%?

March 19, 2021 | ca.finance.yahoo.com

Skyharbour Hits 52-Week on Upcoming Interview with CEO

February 25, 2021 | markets.businessinsider.com

Plaza Retail REIT Announces 2020 Results

February 17, 2021 | markets.businessinsider.com

Plaza Retail REIT Announces February 2021 Distribution

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PLZ.UN Company Calendar

Ex-Dividend for 7/15 Dividend: 6/29/2022
Dividend Payable: 7/15/2022
Today: 8/19/2022
Ex-Dividend for 9/15 Dividend: 8/30/2022
Dividend Payable: 9/15/2022

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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$5.13
High Stock Price Forecast: C$5.65
Low Stock Price Forecast: C$4.75
Forecasted Upside/Downside: +18.8%
Consensus Rating: Hold
Rating Score (0-4): 2.33
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: 3.89
Forward P/E Ratio: 20.57
P/E Growth: N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: 134.50
Current Ratio: 0.17
Quick Ratio: 0.06

Sales & Book Value

Annual Sales: C$115.61 million
Price / Sales: 3.80
Cash Flow: C$0.08 per share
Price / Cash Flow: 57.11
Book Value: C$5.03 per share
Price / Book: 0.86

Miscellaneous

Outstanding Shares: 101,810,000
Free Float: N/A
Market Cap: C$439.82 million
Optionable: Not Optionable
Beta: N/A

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

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 twelve months. 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 2022?: 3 analysts have issued 1 year price objectives for Plaza Retail REIT's stock. Their PLZ.UN share price forecasts range from C$4.75 to C$5.65. On average, they expect the company's share price to reach C$5.13 in the next year. This suggests a possible upside of 18.8% 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 2022?: Plaza Retail REIT's stock was trading at C$4.72 at the start of the year. Since then, PLZ.UN shares have decreased by 8.5% and is now trading at C$4.32.
View the best growth stocks for 2022 here.
How often does Plaza Retail REIT pay dividends? What is the dividend yield for Plaza Retail REIT?: Plaza Retail REIT declared a monthly dividend on Tuesday, August 30th. Shareholders of record on Thursday, September 15th will be paid a dividend of 0.0233 per share on Thursday, September 15th. This represents a $0.28 annualized dividend and a dividend yield of 6.47%. The ex-dividend date is Tuesday, August 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 6.42%. 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 25.22%. 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$4.32.
How much money does Plaza Retail REIT make?: Plaza Retail REIT (TSE:PLZ.UN) has a market capitalization of C$439.82 million and generates C$115.61 million in revenue each year.
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 8/20/2022 by MarketBeat.com Staff

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