Plaza Retail REIT (TSE:PLZ.UN) Price Target Raised to C$4.75

Plaza Retail REIT (TSE:PLZ.UN) had its price target raised by Royal Bank Of Canada from C$4.50 to C$4.75 in a research note published on Wednesday,BayStreet.CA reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

Plaza Retail REIT Trading Down 0.9%

Shares of PLZ.UN opened at C$4.42 on Wednesday. Plaza Retail REIT has a 52-week low of C$3.40 and a 52-week high of C$4.54. The stock has a market cap of C$488.12 million, a PE ratio of 12.57 and a beta of 0.74. The firm’s fifty day moving average is C$4.31 and its two-hundred day moving average is C$4.20. The company has a quick ratio of 0.06, a current ratio of 0.22 and a debt-to-equity ratio of 124.16.

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.