Plaza Retail REIT (PLZ.UN) Gets a Hold Rating from Raymond James

Plaza Retail REIT (PLZ.UNResearch Report), the Financial sector company, was revisited by a Wall Street analyst today. The company recieved Hold from Raymond James’ analyst Johann Rodrigues.

According to TipRanks.com, Rodrigues is ranked #1663 out of 5181 analysts.

Currently, the analyst consensus on Plaza Retail REIT is a Hold with an average price target of C$4.50.

Based on Plaza Retail REIT’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of C$16.25 million. In comparison, last year the company had a GAAP net loss of C$3.12 million.

Plaza Retail REIT operates as 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 Wednesday at C$4.15.