Shares of Plaza Retail REIT (TSE:PLZ.UN - Get Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$3.59 and traded as high as C$3.73. Plaza Retail REIT shares last traded at C$3.71, with a volume of 41,921 shares trading hands.
Analysts Set New Price Targets
Separately, Desjardins set a C$4.25 price objective on shares of Plaza Retail REIT and gave the stock a "buy" rating in a research note on Thursday, January 30th.
View Our Latest Stock Analysis on Plaza Retail REIT
Plaza Retail REIT Price Performance
The company has a current ratio of 0.22, a quick ratio of 0.06 and a debt-to-equity ratio of 124.16. The firm has a market capitalization of C$400.64 million, a price-to-earnings ratio of 36.30 and a beta of 1.08. The company's 50 day moving average is C$3.60 and its 200-day moving average is C$3.71.
Plaza Retail REIT Dividend Announcement
The firm also recently declared a monthly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.0233 per share. This represents a $0.28 annualized dividend and a yield of 7.70%. The ex-dividend date was Friday, January 31st. Plaza Retail REIT's dividend payout ratio is 280.00%.
Plaza Retail REIT Company Profile
(
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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.
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