Plaza Retail REIT has had a modest week, reflecting some stability amidst market fluctuations.
This week, Plaza Retail REIT (TSX: PLZ.UN) closed at C$5.24, marking a slight increase of 0.38% for the day, but a decrease of 0.57% over the past week. The stock has shown a year-to-date gain of 23.82%, suggesting a generally positive performance in 2023. No significant news has emerged this week, but recent developments may influence investor sentiment moving forward.
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Plaza Retail REIT
PLZ-UN.TO
PLZ-UN.TO
Plaza Retail REIT
WealthAwesomeMarket cap
$583.80M
P/E
9.2x
Div. yield
5.35%
Div. / share
$0.28
52W high
$5.35
52W low
$3.76
1W change
-0.57%
Beta
0.78
Analyst Price Targets
Based on analyst covering PLZ-UN
Wall Street analysts forecast PLZ-UN stock price to rise 5.5% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$5.54
+5.5% Upside
Current Price
C$5.25
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on PLZ-UN's historical volatility
30-Day Vol
11.4%
Annualized
90-Day Vol
20.8%
Annualized
Trend (90d)
+47.4%
Annualized drift
90d Mean
C$6.22
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$5.55 | C$5.34 โ C$5.78 |
| 60 trading days | C$5.88 | C$5.56 โ C$6.21 |
| 90 trading days | C$6.22 | C$5.81 โ C$6.66 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: Plaza Retail REIT's stable dividend and solid financial performance make it an attractive option for income-focused investors, though caution is warranted given the competitive retail landscape.
Plaza Retail REIT Reports 5.0% Increase in Funds from Operations
The REIT's recent financial results show a 16.4% rise in Adjusted Funds from Operations (AFFO) per unit, which is a positive indicator of its financial health.
Bull case
The REIT has a strong profit margin of 47.2% and a return on equity (ROE) of 11.2%, indicating solid operational efficiency. Its recent announcement of a monthly distribution for August 2026 reflects a commitment to returning value to unitholders.
Bear case
With no major news this week and a slight dip in stock price, investors should be cautious. The competitive retail environment and ongoing strategic reviews could pose risks to future growth.
Recent Price Action
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Plaza Retail REIT's stock closed at C$5.24, reflecting a gain of 0.38% for the day. Over the past week, the stock has seen a slight decline of 0.57%. Year-to-date, the stock has performed well, boasting a 23.82% increase. The trading volume this week reached 170,002 shares, significantly higher than the 20-day average volume of 65,720 shares, indicating heightened interest among investors.
Company News and Developments
This week saw no major news announcements from Plaza Retail REIT. However, recent developments include the declaration of a monthly distribution of $0.02333 per unit for August 2026, payable on September 15, 2026. Additionally, the REIT reported a 5.0% increase in Funds from Operations (FFO) per unit for the second quarter of 2026, signaling a stable financial footing. The appointment of Ernst & Young LLP as the new external auditor, effective for the quarter ending September 30, 2026, may also be noteworthy for investors.
Technical Picture
From a technical standpoint, Plaza Retail REIT is trading just above its 50-day moving average of C$5.21, which is up by 0.5% compared to the current price. The stock is well above its 200-day moving average of C$4.57, indicating a strong long-term trend. The 52-week trading range for the stock has been between C$3.76 and C$5.35, with the current price sitting at approximately 93% of this range. The stock's beta of 0.78 suggests lower volatility compared to the market, which may appeal to more conservative investors.
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