Plaza Retail REIT (TSE:PLZ.UN) Sets New 12-Month High – Still a Buy?

Posted by Doug Wharley on Aug 8th, 2026

Plaza Retail REIT (TSE:PLZ.UN – Get Free Report) shares hit a new 52-week high during trading on Thursday . The stock traded as high as C$5.34 and last traded at C$5.30, with a volume of 105722 shares trading hands. The stock had previously closed at C$5.20.

Wall Street Analysts Forecast Growth

Separately, Desjardins lowered Plaza Retail REIT from a “buy” rating to a “hold” rating and lifted their target price for the stock from C$5.00 to C$5.50 in a report on Friday. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$5.12.

Check Out Our Latest Research Report on Plaza Retail REIT

Plaza Retail REIT Stock Down 2.3%

The company’s 50 day simple moving average is C$4.90 and its 200-day simple moving average is C$4.54. 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 firm has a market cap of C$574.41 million, a P/E ratio of 9.78 and a beta of 0.75.

Plaza Retail REIT (TSE:PLZ.UN – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported C$0.15 EPS for the quarter. Plaza Retail REIT had a net margin of 9.40% and a return on equity of 2.07%. The firm had revenue of C$32.19 million during the quarter.

Plaza Retail REIT Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 17th will be issued a $0.0233 dividend. The ex-dividend date is Friday, July 31st. This represents a c) annualized dividend and a yield of 5.4%. Plaza Retail REIT’s dividend payout ratio (DPR) is currently 52.66%.

Plaza Retail REIT Company Profile

(Get Free Report)

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.