Insider Buying: Plaza Retail REIT (TSE:PLZ.UN) Director Buys 18,370 Shares of Stock

Plaza Retail REIT (TSE:PLZ.UN - Get Free Report) Director Susan Taves bought 18,370 shares of the firm's stock in a transaction on Monday, March 17th. The shares were acquired at an average cost of C$3.80 per share, with a total value of C$69,806.00.

Susan Taves also recently made the following trade(s):

• On Wednesday, March 5th, Susan Taves bought 1,130 shares of Plaza Retail REIT stock. The shares were acquired at an average cost of C$3.62 per share, with a total value of C$4,090.60.

Plaza Retail REIT Price Performance

TSE PLZ.UN traded down C$0.01 on Friday, reaching C$3.77. The company had a trading volume of 82,475 shares, compared to its average volume of 51,371. The company has a quick ratio of 0.06, a current ratio of 0.22 and a debt-to-equity ratio of 124.16. The stock has a market capitalization of C$416.09 million, a PE ratio of 37.70 and a beta of 1.08. The firm's 50 day moving average price is C$3.64 and its 200 day moving average price is C$3.71. Plaza Retail REIT has a 12 month low of C$3.40 and a 12 month high of C$3.96.

Plaza Retail REIT Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th were issued a $0.0233 dividend. The ex-dividend date was Friday, January 31st. This represents a $0.28 dividend on an annualized basis and a yield of 7.42%. Plaza Retail REIT's dividend payout ratio is currently 280.00%.

Wall Street Analyst Weigh In

Separately, Desjardins set a C$4.25 price target on shares of Plaza Retail REIT and gave the company a "buy" rating in a report on Thursday, January 30th.

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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 December 31, 2018 includes interests in 287 properties totaling approximately 8.2 million square feet across Canada and additional lands held for development.