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Plaza Retail REIT (TSE:PLZ.UN) Stock Passes Above Fifty Day Moving Average - Here's Why

Plaza Retail REIT logo with Real Estate background

Shares of Plaza Retail REIT (TSE:PLZ.UN - Get Free Report) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$3.81 and traded as high as C$3.88. Plaza Retail REIT shares last traded at C$3.85, with a volume of 60,432 shares trading hands.

Plaza Retail REIT Stock Performance

The firm has a fifty day moving average of C$3.81 and a 200 day moving average of C$3.66. The firm has a market capitalization of C$424.92 million, a PE ratio of 38.50 and a beta of 1.08. The company has a debt-to-equity ratio of 124.16, a quick ratio of 0.06 and a current ratio of 0.22.

Plaza Retail REIT Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 15th were paid a $0.0233 dividend. This represents a $0.28 annualized dividend and a dividend yield of 7.26%. The ex-dividend date was Wednesday, July 31st. Plaza Retail REIT's dividend payout ratio (DPR) is 280.00%.

About Plaza Retail REIT

(Get Free Report)

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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