Plaza Retail REIT (TSE:PLZ.UN) Shares Pass Below 200 Day Moving Average - Here's What Happened

Plaza Retail REIT (TSE:PLZ.UN - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$3.71 and traded as low as C$3.58. Plaza Retail REIT shares last traded at C$3.61, with a volume of 6,377 shares changing hands.

Plaza Retail REIT Stock Up 1.1 %

The stock has a fifty day moving average of C$3.73 and a 200-day moving average of C$3.71. The firm has a market capitalization of C$398.44 million, a price-to-earnings ratio of 36.10 and a beta of 1.08. The company has a current ratio of 0.22, a quick ratio of 0.06 and a debt-to-equity ratio of 124.16.

Plaza Retail REIT Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th will be issued a dividend of $0.0233 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 7.75%. Plaza Retail REIT's dividend payout ratio is currently 280.00%.

Plaza Retail REIT Company Profile

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.