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

Plaza Retail REIT (TSE:PLZ.UN) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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

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

Plaza Retail REIT Trading Down 0.2%

The firm has a market cap of C$463.83 million, a P/E ratio of 8.39 and a beta of 0.74. The business’s 50-day moving average is C$4.30 and its two-hundred day moving average is C$4.21. The company has a current ratio of 0.22, a quick ratio of 0.06 and a debt-to-equity ratio of 124.16.

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.