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

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

Plaza Retail REIT Stock Performance

Plaza Retail REIT stock opened at C$3.65 on Thursday. Plaza Retail REIT has a fifty-two week low of C$3.40 and a fifty-two week high of C$3.96. The company has a market capitalization of C$402.85 million, a price-to-earnings ratio of 36.50 and a beta of 1.08. The stock has a fifty day moving average of C$3.61 and a two-hundred day moving average of C$3.72. 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 Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th will be issued 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 yield of 7.66%. Plaza Retail REIT’s dividend payout ratio (DPR) is 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.