Plaza Retail REIT (OTCMKTS:PAZRF – Get Rating) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 8,100 shares, a growth of 350.0% from the March 31st total of 1,800 shares. Based on an average daily volume of 1,000 shares, the short-interest ratio is currently 8.1 days.
Shares of OTCMKTS PAZRF opened at $3.76 on Thursday. The stock has a fifty day moving average price of $3.88 and a two-hundred day moving average price of $3.73. Plaza Retail REIT has a 1 year low of $3.24 and a 1 year high of $4.02.
A number of brokerages recently commented on PAZRF. Desjardins increased their price target on Plaza Retail REIT from C$4.75 to C$5.00 in a report on Wednesday, March 2nd. BMO Capital Markets upgraded Plaza Retail REIT from a “market perform” rating to an “outperform” rating in a research note on Monday, February 28th. Finally, Canaccord Genuity Group cut Plaza Retail REIT from a “buy” rating to a “hold” rating and set a C$5.00 price target on the stock. in a research report on Wednesday, April 6th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $4.75.
About Plaza Retail REIT (Get Rating)
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 September 30, 2020 includes interests in 272 properties totaling approximately 8.6 million square feet across Canada and additional lands held for development.
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