Plaza Retail REIT (TSE:PLZ.UN) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Plaza Retail REIT (TSE:PLZ.UN) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$4.21 and traded as low as C$4.18. Plaza Retail REIT shares last traded at C$4.20, with a volume of 36,938 shares trading hands.

Analysts Set New Price Targets

A number of analysts have recently issued reports on PLZ.UN shares. Desjardins increased their target price on shares of Plaza Retail REIT from C$4.75 to C$5.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. 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 company a “sector perform” rating in a research report on Wednesday, March 4th. One 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, Plaza Retail REIT has a consensus rating of “Moderate Buy” and an average target price of C$4.88.

Plaza Retail REIT Trading Down 0.2%

The business has a 50 day moving average price of C$4.30 and a 200-day moving average price of C$4.21. The firm has a market cap of C$463.83 million, a price-to-earnings ratio of 8.39 and a beta of 0.74. The company has a quick ratio of 0.06, a current ratio of 0.22 and a debt-to-equity ratio of 124.16.

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.