Plaza Retail REIT (OTCMKTS:PAZRF) Trading 0.3% Higher – Here’s Why

Shares of Plaza Retail REIT (OTCMKTS:PAZRF) shot up 0.3% during trading on Friday . The stock traded as high as $3.06 and last traded at $3.06. 1,754 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 5,895 shares. The stock had previously closed at $3.05.

Analyst Ratings Changes

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

Plaza Retail REIT Stock Performance

The firm has a 50-day moving average of $3.09 and a 200 day moving average of $3.02.

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.