12:45:47 EDT Wed 15 May 2024
Enter Symbol
or Name
USA
CA



Plaza Retail REIT
Symbol PLZ
Shares Issued 110,374,749
Close 2023-11-21 C$ 3.45
Market Cap C$ 380,792,884
Recent Sedar Documents

Globe says Plaza Retail REIT kept at "sector perform"

2023-11-21 08:10 ET - In the News

The Globe and Mail reports in its Tuesday, Nov. 21, edition that RBC Capital Markets analyst Pammi Bir has reiterated his "sector perform" recommendation for Plaza Retail REIT. The Globe's David Leeder writes in the Eye On Equities column that Mr. Bir gave his unit target a 25-cent trim to $4.25. Analysts on average target the units at $4.33. Mr. Bir says in a note: "On the back of largely in-line Q3 results, our stable view on PLZ is intact. From our lens, the REIT's predominantly everyday needs and value-focused portfolio is in good shape to navigate uneven terrain as economic headwinds form. As well, a strong year of development deliveries and still significant pipeline of active projects should support incremental earnings and NAV upside through our forecast period. In short, we see valuation as well supported." The Globe reported on July 20, 2022, that iA Securities analyst Gaurav Mathur had reaffirmed his "hold" call on Plaza Retail REIT. The units could then be had for $3.98. The Globe reported on May 9, 2023, that Mr. Bir was sticking with his "sector perform" recommendation for Plaza Retail REIT. The units could then be had for $4.01.

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