Plaza Retail REIT (OTCMKTS:PAZRF) Stock Price Up 1% – What’s Next?

Plaza Retail REIT (OTCMKTS:PAZRF)’s stock price traded up 1% during mid-day trading on Thursday . The company traded as high as $3.17 and last traded at $3.1301. 32,300 shares traded hands during mid-day trading, an increase of 143% from the average session volume of 13,267 shares. The stock had previously closed at $3.0980.

Analysts Set New Price Targets

Separately, Desjardins reaffirmed a “buy” rating on shares of Plaza Retail REIT in a research report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Plaza Retail REIT currently has an average rating of “Hold”.

Plaza Retail REIT Price Performance

The business has a 50-day moving average of $3.05 and a 200 day moving average of $3.01.

Plaza Retail REIT Company Profile

Plaza Retail REIT is a Canadian real estate investment trust that specializes in the ownership, development and management of retail properties. Headquartered in Toronto, the trust was established in 2005 and operates under a REIT structure designed to generate stable, recurring income through long-term leases with retail tenants.

The company’s core business activities include the acquisition of grocery-anchored shopping centres, tenant relationship management and the strategic redevelopment of existing retail assets.