Plaza Retail REIT (OTCMKTS:PAZRF) Trading Up 1% – Time to Buy?

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

Analyst Upgrades and Downgrades

Separately, Desjardins reissued a “buy” rating on shares of Plaza Retail REIT in a report on Wednesday, December 3rd. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Plaza Retail REIT Trading Up 1.0%

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

About Plaza Retail REIT

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.