Plaza Retail REIT (TSE:PLZ.UN) Stock Rating Lowered by Canaccord Genuity Group

Plaza Retail REIT (TSE:PLZ.UN) was downgraded by investment analysts at Canaccord Genuity Group from a “buy” rating to a “hold” rating in a report released on Monday, BayStreet reports. They presently have a C$5.65 price target on the stock, down from their previous price target of C$5.75. Canaccord Genuity Group‘s target price suggests a potential upside of 9.50% from the company’s current price.

Separately, Desjardins lowered Plaza Retail REIT from a “buy” rating to a “hold” rating and upped their price target for the stock from C$5.00 to C$5.50 in a research note on Friday, August 7th. Three equities research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$5.30.

Plaza Retail REIT Trading Down 2.6%

Shares of PLZ.UN stock traded down C$0.14 during trading hours on Monday, hitting C$5.16. 265,873 shares of the company were exchanged, compared to its average volume of 109,668. The firm has a fifty day moving average of C$5.27 and a 200 day moving average of C$4.92. The company has a quick ratio of 0.06, a current ratio of 0.22 and a debt-to-equity ratio of 124.16. Plaza Retail REIT has a 1 year low of C$3.96 and a 1 year high of C$5.37. The firm has a market cap of C$570.02 million, a PE ratio of 9.10 and a beta of 0.63.

Plaza Retail REIT (TSE:PLZ.UN) last posted its quarterly earnings results on Wednesday, August 5th. The company reported C$0.15 earnings per share for the quarter. The company had revenue of C$32.19 million for the quarter. Plaza Retail REIT had a net margin of 9.40% and a return on equity of 2.07%.

About Plaza Retail REIT

Plaza is an open-ended real estate investment trust and is a leading retail property owner and developer, focused on Ontario, Quebec and Atlantic Canada. Plaza’s portfolio at June 30, 2026 includes interests in 189 properties totaling approximately 8.8 million square feet across Canada and additional lands held for development. Plaza’s portfolio largely consists of open-air centres and stand-alone small box retail outlets and is predominantly occupied by national tenants with a focus on the essential needs, value and convenience market segments.