Plaza Retail REIT (TSE:PLZ.UN) Sets New 52-Week High – Should You Buy?

Shares of Plaza Retail REIT (TSE:PLZ.UN) reached a new 52-week high during trading on Monday . The stock traded as high as C$4.52 and last traded at C$4.51, with a volume of 16771 shares trading hands. The stock had previously closed at C$4.51.

Analyst Upgrades and Downgrades

PLZ.UN has been the topic of several recent research reports. Royal Bank Of Canada lifted their price target on shares of Plaza Retail REIT from C$4.50 to C$4.75 and gave the stock a “sector perform” rating in a research report on Wednesday. Desjardins raised their price objective on Plaza Retail REIT from C$4.75 to C$5.00 and gave the stock a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$4.88.

Plaza Retail REIT Stock Up 2.7%

The company has a debt-to-equity ratio of 124.16, a current ratio of 0.22 and a quick ratio of 0.06. The stock 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$4.29 and a two-hundred day simple moving average of C$4.20.

Plaza Retail REIT Company Profile

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.