Plaza Retail REIT (TSE:PLZ.UN) Stock Rating Lowered by Desjardins

Plaza Retail REIT (TSE:PLZ.UN) was downgraded by research analysts at Desjardins from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday,BayStreet.CA reports. They presently have a C$5.50 price target on the stock, up from their previous price target of C$5.00. Desjardins’ price target would suggest a potential upside of 4.56% from the company’s previous close.

Plaza Retail REIT Trading Down 1.1%

Plaza Retail REIT stock traded down C$0.06 during midday trading on Friday, hitting C$5.26. 78,983 shares of the stock were exchanged, compared to its average volume of 72,391. The stock has a market capitalization of C$581.04 million, a PE ratio of 9.89 and a beta of 0.75. The company has a fifty day simple moving average of C$4.89 and a two-hundred day simple moving average of C$4.54. 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 has a 52 week low of C$3.96 and a 52 week high of C$5.34.

Plaza Retail REIT (TSE:PLZ.UN) last posted its earnings results on Wednesday, August 5th. The company reported C$0.15 earnings per share for the quarter. The company had revenue of C$32.19 million for the quarter. Plaza Retail REIT had a net margin of 9.40% and a return on equity of 2.07%.

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.