CIBC Reaffirms “Hold” Rating for Plaza Retail REIT (TSE:PLZ.UN)

CIBC reissued their hold rating on shares of Plaza Retail REIT (TSE:PLZ.UN) in a report released on Monday morning, reports. CIBC currently has a C$4.50 target price on the stock.

Separately, Raymond James reaffirmed a market perform rating on shares of Plaza Retail REIT in a research note on Wednesday, May 15th.

Shares of PLZ.UN stock opened at C$4.20 on Monday. Plaza Retail REIT has a 52-week low of C$3.68 and a 52-week high of C$4.35. The stock has a market cap of $431.53 million and a PE ratio of 15.00. The company has a debt-to-equity ratio of 140.94, a quick ratio of 0.11 and a current ratio of 0.28. The firm’s 50 day moving average price is C$4.23 and its two-hundred day moving average price is C$4.18.

The firm also recently disclosed a monthly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th were paid a $0.0233 dividend. The ex-dividend date was Tuesday, July 30th. This represents a $0.28 dividend on an annualized basis and a yield of 6.66%. Plaza Retail REIT’s payout ratio is presently 100.00%.

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.

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