(PLZ-UN) Plaza Retail REIT - Ratings and Ratios

Plaza Retail REIT is a prominent Canadian real estate investment trust specializing in retail property ownership and development, with a strong presence in Ontario, Quebec, and Atlantic Canada. As of June 30, 2023, the companys portfolio comprises interests in 234 properties, spanning approximately 8.8 million square feet across Canada, in addition to holding lands for future development. The portfolio is primarily made up of open-air centers and standalone small-box retail outlets, with a significant occupancy by national tenants, indicating a stable revenue stream.

Analyzing the REITs current market position, we observe a stable trend in its stock price, with the last price recorded at $3.77. The stocks moving averages (SMA20 at $3.72, SMA50 at $3.69, and SMA200 at $3.62) suggest a gradual uptrend, indicating positive market sentiment. The Average True Range (ATR) of 0.08, equivalent to 2.06%, signifies moderate volatility. Given the 52-week high of $3.79 and low of $3.23, the current price is near its 52-week high, suggesting a strong performance over the past year.

From a fundamental perspective, Plaza Retail REITs market capitalization stands at $417.32 million CAD, with a price-to-earnings (P/E) ratio of 16.28 and a forward P/E of 9.65, indicating potential for growth as the forward P/E is lower than the current P/E. The Return on Equity (RoE) is 4.61%, which, while not exceptionally high, is respectable for a REIT. Considering these metrics, the REIT appears to be undervalued relative to its earnings potential.

Forecasting the future performance of Plaza Retail REIT, we can anticipate a continued stable trend, driven by its diversified portfolio and occupancy by national tenants. Using the provided technical and fundamental data, a potential target price could be estimated by analyzing the trend and volatility. If the REIT maintains its current trajectory, with the SMA20 and SMA50 indicating a positive trend, and considering the moderate volatility, a potential short-term target could be around $3.90, representing a 3.5% increase from the current price. However, this forecast is contingent upon maintaining the current market conditions and the REITs operational performance.