Plaza Retail REIT (TSE:PLZ.UN) Given a C$4.25 Price Target by Desjardins Analysts

Desjardins set a C$4.25 price objective on Plaza Retail REIT (TSE:PLZ.UN) in a research report sent to investors on Thursday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Plaza Retail REIT Price Performance

Shares of TSE:PLZ.UN opened at C$3.65 on Thursday. Plaza Retail REIT has a 52 week low of C$3.40 and a 52 week high of C$3.96. The company has a 50-day moving average price of C$3.61 and a 200 day moving average price of C$3.72. The company has a market cap of C$402.85 million, a P/E ratio of 36.50 and a beta of 1.08. 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 Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th will be paid a $0.0233 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 7.66%. Plaza Retail REIT’s dividend payout ratio (DPR) is presently 280.00%.

About Plaza Retail REIT

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 December 31, 2018 includes interests in 287 properties totaling approximately 8.2 million square feet across Canada and additional lands held for development.