Plaza Retail REIT (TSE:PLZ.UN) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Plaza Retail REIT (TSE:PLZ.UN) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$4.21 and traded as low as C$4.18. Plaza Retail REIT shares last traded at C$4.20, with a volume of 36,938 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on PLZ.UN shares. Desjardins upped their target price on Plaza Retail REIT from C$4.75 to C$5.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Royal Bank Of Canada upped their price objective on Plaza Retail REIT from C$4.50 to C$4.75 and gave the stock a “sector perform” rating in a research note on Wednesday, March 4th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Plaza Retail REIT presently has a consensus rating of “Moderate Buy” and a consensus target price of C$4.88.

Plaza Retail REIT Stock Performance

The stock has a market cap of C$463.83 million, a price-to-earnings ratio of 8.39 and a beta of 0.74. The company’s 50 day simple moving average is C$4.30 and its 200 day simple moving average is C$4.21. The company has a debt-to-equity ratio of 124.16, a quick ratio of 0.06 and a current ratio of 0.22.

About Plaza Retail REIT

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.