Plaza Retail REIT (OTCMKTS:PAZRF) Shares Up 1% – Here’s Why

Plaza Retail REIT (OTCMKTS:PAZRFGet Free Report)’s share price was up 1% during trading on Thursday . The company traded as high as $3.0980 and last traded at $3.0980. Approximately 5,000 shares traded hands during trading, an increase of 94% from the average daily volume of 2,574 shares. The stock had previously closed at $3.0660.

Wall Street Analyst Weigh In

Separately, Desjardins restated a “buy” rating on shares of Plaza Retail REIT in a research report on Wednesday, December 3rd. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Read Our Latest Stock Analysis on Plaza Retail REIT

Plaza Retail REIT Stock Performance

The stock’s 50 day simple moving average is $3.00 and its two-hundred day simple moving average is $2.98.

Plaza Retail REIT Company Profile

(Get Free Report)

Plaza Retail REIT is a Canadian real estate investment trust that specializes in the ownership, development and management of retail properties. Headquartered in Toronto, the trust was established in 2005 and operates under a REIT structure designed to generate stable, recurring income through long-term leases with retail tenants.

The company’s core business activities include the acquisition of grocery-anchored shopping centres, tenant relationship management and the strategic redevelopment of existing retail assets.

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