Plaza Retail REIT (TSE:PLZ.UN) Price Target Raised to C$5.00 at Desjardins

Plaza Retail REIT (TSE:PLZ.UN) had its price target increased by Desjardins from C$4.75 to C$5.00 in a research note released on Wednesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Separately, Royal Bank Of Canada raised their price target on shares of Plaza Retail REIT from C$4.50 to C$4.75 and gave the company a “sector perform” rating in a research report on Wednesday. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$4.88.

Plaza Retail REIT Trading Up 2.7%

TSE PLZ.UN opened at C$4.54 on Wednesday. The company has a debt-to-equity ratio of 124.16, a quick ratio of 0.06 and a current ratio of 0.22. The firm has a market cap of C$501.37 million, a price-to-earnings ratio of 12.91 and a beta of 0.62. The firm has a 50 day simple moving average of C$4.30 and a 200-day simple moving average of C$4.20. Plaza Retail REIT has a one year low of C$3.40 and a one year high of C$4.54.

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.