Plaza Retail REIT (TSE:PLZ.UN) Reaches New 12-Month High – Still a Buy?

Plaza Retail REIT (TSE:PLZ.UN) reached a new 52-week high during mid-day trading on Tuesday. The stock traded as high as C$5.39 and last traded at C$5.33, with a volume of 111,967 shares trading hands. The stock had previously closed at C$5.34.

Analyst Ratings Changes

PLZ.UN has been the topic of several research reports. Desjardins lowered Plaza Retail REIT from a “buy” rating to a “hold” rating and raised their price objective for the stock from C$5.00 to C$5.50 in a report on Friday, August 7th. Canaccord Genuity Group cut Plaza Retail REIT from a “buy” rating to a “hold” rating and decreased their target price for the company from C$5.75 to C$5.65 in a research report on Monday, October 26th. Three investment analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$5.30.

Plaza Retail REIT Stock Performance

The firm’s 50-day moving average is C$5.27 and its 200 day moving average is C$4.80. The stock has a market cap of C$591.01 million, a PE ratio of 8.49 and a beta of 0.61. 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 (TSE:PLZ.UN) last issued its quarterly earnings results on Wednesday, November 4th. The company reported C$0.14 earnings per share for the quarter. Plaza Retail REIT had a net margin of 9.40% and a return on equity of 2.07%. The firm had revenue of C$32.15 million during the quarter.

Plaza Retail REIT Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 16th will be issued a $0.0233 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend is Friday, October 30th. Plaza Retail REIT’s dividend payout ratio is presently 44.42%.

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 June 30, 2026 includes interests in 189 properties totaling approximately 8.8 million square feet across Canada and additional lands held for development. Plaza’s portfolio largely consists of open-air centres and stand-alone small box retail outlets and is predominantly occupied by national tenants with a focus on the essential needs, value and convenience market segments.