Plaza Retail REIT (TSE:PLZ.UN) Stock Crosses Above 50-Day Moving Average – What’s Next?
by Jessica Moore · The Cerbat GemPlaza Retail REIT (TSE:PLZ.UN – Get Free Report)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$4.31 and traded as high as C$4.47. Plaza Retail REIT shares last traded at C$4.44, with a volume of 146,807 shares.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on PLZ.UN. Royal Bank Of Canada raised their target price on shares of Plaza Retail REIT from C$4.50 to C$4.75 and gave the stock a “sector perform” rating in a report on Wednesday, March 4th. Desjardins boosted their target price on Plaza Retail REIT from C$4.75 to C$5.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$4.88.
Read Our Latest Research Report on Plaza Retail REIT
Plaza Retail REIT Stock 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 business has a 50 day simple moving average of C$4.31 and a two-hundred day simple moving average of C$4.22. The firm has a market cap of C$494.75 million, a PE ratio of 8.95 and a beta of 0.68.
Plaza Retail REIT (TSE:PLZ.UN – Get Free Report) last released its earnings results on Monday, March 2nd. The company reported C$0.22 earnings per share for the quarter. Plaza Retail REIT had a return on equity of 2.07% and a net margin of 9.40%.The business had revenue of C$31.80 million for the quarter.
Plaza Retail REIT Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 15th will be given a $0.0233 dividend. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Thursday, April 30th. Plaza Retail REIT’s payout ratio is 55.92%.
About Plaza Retail REIT
Plaza Retail REIT is an open-ended real estate investment trust and is a retail property owner and developer, focused on Ontario, Quebec and Atlantic Canada. Plaza’s portfolio includes interests in approximately 268 properties totaling approximately 8.6 million square feet across Canada and additional lands held for development. Its portfolio largely consists of open-air centres and stand-alone small box retail outlets and is predominantly occupied by national tenants.