In a new note to investors today, an analyst has provided a rating update for Plaza Retail REIT (PLZ.UN). The company received a Hold rating from Raymond James’ analyst Johann Rodrigues.
According to TipRanks.com, Rodrigues is ranked #1835 out of 5224 analysts.
Plaza Retail REIT has an analyst consensus of Hold, with a price target consensus of C$4.50, which is an 9.0% upside from current levels. In a report issued on February 27, Canaccord Genuity also reiterated a Hold rating on the stock with a C$4.50 price target.
.
Based on Plaza Retail REIT’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$6.89 million. In comparison, last year the company had a net profit of C$9.43 million.
Plaza Retail REIT is an open-ended real estate investment trust, which acquires, develops and redevelops unenclosed and enclosed retail real estate in Atlantic Canada, Québec and Ontario. The company was founded by Michael Zakuta and Earl Brewer in 1999 and is headquartered in Fredericton, Canada.
The company’s shares closed on Friday at C$4.13.
