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%.