Raymond James Reaffirms “Market Perform” Rating for Plaza Retail REIT (TSE:PLZ.UN)

Raymond James restated their market perform rating on shares of Plaza Retail REIT (TSE:PLZ.UN) in a research note published on Tuesday morning, AnalystRatings.com reports. The brokerage currently has a C$4.50 price objective on the stock.

Separately, CIBC restated a hold rating and issued a C$4.50 target price on shares of Plaza Retail REIT in a research report on Monday.

Shares of PLZ.UN stock opened at C$4.20 on Tuesday. Plaza Retail REIT has a 12-month low of C$3.68 and a 12-month high of C$4.35. The firm has a market capitalization of $431.53 million and a price-to-earnings ratio of 15.00. The business has a 50 day simple moving average of C$4.23 and a 200 day simple moving average of C$4.18. The company has a debt-to-equity ratio of 140.94, a current ratio of 0.28 and a quick ratio of 0.11.

The company also recently announced a monthly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th were given a $0.0233 dividend. The ex-dividend date was Tuesday, July 30th. This represents a $0.28 dividend on an annualized basis and a yield of 6.66%. Plaza Retail REIT’s dividend payout ratio (DPR) is 100.00%.

About Plaza Retail REIT

Plaza is an open-ended real estate investment trust and is a leading retail property owner and developer, focused on Ontario, Quebec and Atlantic Canada. Plaza's portfolio at December 31, 2018 includes interests in 287 properties totaling approximately 8.2 million square feet across Canada and additional lands held for development.

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