Plaza Retail REIT (TSE:PLZ.UN) Price Target Raised to C$4.75 at Royal Bank Of Canada

Plaza Retail REIT (TSE:PLZ.UN) had its price target boosted by Royal Bank Of Canada from C$4.50 to C$4.75 in a research report sent to investors on Wednesday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Plaza Retail REIT Stock Up 2.7%

PLZ.UN opened at C$4.54 on Wednesday. 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 has a 12 month low of C$3.40 and a 12 month high of C$4.54. The stock has a market capitalization of C$501.37 million, a P/E ratio of 12.91 and a beta of 0.62. The business has a 50 day simple moving average of C$4.30 and a 200-day simple moving average of C$4.20.

About Plaza Retail REIT

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.