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Plaza Retail REIT (TSE:PLZ.UN) Reaches New 12-Month High - Time to Buy?

Plaza Retail REIT logo with Real Estate background

Plaza Retail REIT (TSE:PLZ.UN - Get Free Report) hit a new 52-week high on Monday . The company traded as high as C$3.97 and last traded at C$3.96, with a volume of 101849 shares traded. The stock had previously closed at C$3.93.

Plaza Retail REIT Stock Performance

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 business's fifty day moving average is C$3.87 and its 200 day moving average is C$3.73. The firm has a market capitalization of C$435.96 million, a price-to-earnings ratio of 39.50 and a beta of 1.08.

Plaza Retail REIT Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 15th will be paid a $0.0233 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $0.28 annualized dividend and a yield of 7.08%. Plaza Retail REIT's payout ratio is currently 280.00%.

Plaza Retail REIT Company Profile

(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.

See Also

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