Plaza Retail REIT (TSE:PLZ.UN) Hits New 52-Week High – Still a Buy?

Plaza Retail REIT (TSE:PLZ.UN)’s stock price hit a new 52-week high during trading on Tuesday. The company traded as high as C$5.39 and last traded at C$5.33, with a volume of 111,967 shares changing hands. The stock had previously closed at C$5.34.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PLZ.UN. Canaccord Genuity Group lowered Plaza Retail REIT from a “buy” rating to a “hold” rating and reduced their target price for the company from C$5.75 to C$5.65 in a report on Monday, October 26th. Desjardins lowered shares of Plaza Retail REIT from a “buy” rating to a “hold” rating and lifted their price objective for the company from C$5.00 to C$5.50 in a research note on Friday, August 7th. Three equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, Plaza Retail REIT currently has a consensus rating of “Hold” and a consensus target price of C$5.30.

Plaza Retail REIT Stock Performance

The company has a current ratio of 0.22, a quick ratio of 0.06 and a debt-to-equity ratio of 124.16. The stock has a market cap of C$588.80 million, a price-to-earnings ratio of 8.46 and a beta of 0.61. The firm has a fifty day simple moving average of C$5.27 and a 200 day simple moving average of C$4.79.

Plaza Retail REIT (TSE:PLZ.UN) last released its quarterly earnings data on Wednesday, November 4th. The company reported C$0.14 earnings per share for the quarter. The company had revenue of C$32.15 million for the quarter. Plaza Retail REIT had a return on equity of 2.07% and a net margin of 9.40%.

Plaza Retail REIT Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 16th will be given a dividend of $0.0233 per share. The ex-dividend date is Friday, October 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.2%. Plaza Retail REIT’s dividend payout ratio (DPR) is 44.42%.

Plaza Retail REIT Company Profile

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 June 30, 2026 includes interests in 189 properties totaling approximately 8.8 million square feet across Canada and additional lands held for development. Plaza’s portfolio largely consists of open-air centres and stand-alone small box retail outlets and is predominantly occupied by national tenants with a focus on the essential needs, value and convenience market segments.