Royal Bank Of Canada Issues Positive Forecast for Plaza Retail REIT (TSE:PLZ.UN) Stock Price

Plaza Retail REIT (TSE:PLZ.UN) had its price objective hoisted by equities research analysts at Royal Bank Of Canada from C$4.50 to C$4.75 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 5.79% from the stock’s current price.

Plaza Retail REIT Price Performance

PLZ.UN traded up C$0.07 during trading on Wednesday, reaching C$4.49. 26,921 shares of the stock were exchanged, compared to its average volume of 47,772. Plaza Retail REIT has a 1 year low of C$3.40 and a 1 year high of C$4.52. The company has a market capitalization of C$495.85 million, a price-to-earnings ratio of 12.76 and a beta of 0.62. The business’s 50 day moving average price is C$4.29 and its two-hundred day moving average price is C$4.20. The company has a debt-to-equity ratio of 124.16, a current ratio of 0.22 and a quick ratio of 0.06.

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.