Plaza Retail REIT (OTCMKTS:PAZRF) Trading 1% Higher – Should You Buy?

Plaza Retail REIT (OTCMKTS:PAZRF)’s share price rose 1% during mid-day trading on Thursday . The company traded as high as $3.0980 and last traded at $3.0980. Approximately 5,000 shares changed hands during mid-day trading, an increase of 94% from the average daily volume of 2,574 shares. The stock had previously closed at $3.0660.

Analyst Upgrades and Downgrades

Separately, Desjardins reaffirmed a “buy” rating on shares of Plaza Retail REIT in a research note on Wednesday, December 3rd. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Plaza Retail REIT Stock Performance

The stock has a fifty day moving average price of $3.00 and a 200-day moving average price of $2.98.

Plaza Retail REIT Company Profile

Plaza Retail REIT is a Canadian real estate investment trust that specializes in the ownership, development and management of retail properties. Headquartered in Toronto, the trust was established in 2005 and operates under a REIT structure designed to generate stable, recurring income through long-term leases with retail tenants.

The company’s core business activities include the acquisition of grocery-anchored shopping centres, tenant relationship management and the strategic redevelopment of existing retail assets.