Plaza Retail REIT (TSE:PLZ.UN) Issues Earnings Results

Plaza Retail REIT (TSE:PLZ.UN) posted its quarterly earnings data on Wednesday. The company reported C$0.12 EPS for the quarter, FiscalAI reports. Plaza Retail REIT had a net margin of 9.40% and a return on equity of 2.07%. The firm had revenue of C$32.51 million for the quarter.

Plaza Retail REIT Stock Performance

Shares of Plaza Retail REIT stock traded down C$0.02 during trading hours on Wednesday, reaching C$4.44. The company’s stock had a trading volume of 45,665 shares, compared to its average volume of 52,036. The company’s 50 day simple moving average is C$4.36 and its 200 day simple moving average is C$4.26. The company has a debt-to-equity ratio of 124.16, a quick ratio of 0.06 and a current ratio of 0.22. Plaza Retail REIT has a one year low of C$3.74 and a one year high of C$4.54. The stock has a market cap of C$490.37 million, a P/E ratio of 8.87 and a beta of 0.72.

Plaza Retail REIT Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.0233 per share. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Thursday, April 30th. Plaza Retail REIT’s dividend payout ratio is 55.92%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Royal Bank Of Canada increased their price objective on shares of Plaza Retail REIT from C$4.50 to C$4.75 and gave the company a “sector perform” rating in a research note on Wednesday, March 4th. Desjardins increased their price objective on shares of Plaza Retail REIT from C$4.75 to C$5.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$4.88.

Plaza Retail REIT Company Profile

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.