Plaza Retail REIT (TSE:PLZ.UN - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$3.58 and traded as high as C$3.67. Plaza Retail REIT shares last traded at C$3.66, with a volume of 29,081 shares.
Analyst Upgrades and Downgrades
Separately, Desjardins set a C$4.25 price target on shares of Plaza Retail REIT and gave the company a "buy" rating in a research note on Thursday, January 30th.
Check Out Our Latest Stock Report on Plaza Retail REIT
Plaza Retail REIT Stock Performance
The firm has a market capitalization of C$407.27 million, a price-to-earnings ratio of 36.90 and a beta of 1.08. The stock's fifty day moving average is C$3.59 and its two-hundred day moving average is C$3.71. 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 Announces Dividend
The business also recently disclosed 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 of this dividend was Friday, January 31st. This represents a $0.28 annualized dividend and a dividend yield of 7.58%. Plaza Retail REIT's dividend payout ratio is currently 280.00%.
About Plaza Retail REIT
(
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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.
Further Reading
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