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Plaza Retail REIT (TSE:PLZ.UN) Hits New 1-Year High - Should You Buy?

Plaza Retail REIT logo with Real Estate background

Plaza Retail REIT (TSE:PLZ.UN - Get Free Report)'s share price reached 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. The stock had previously closed at C$3.93.

Plaza Retail REIT Price Performance

The company has a market capitalization of C$437.07 million, a P/E ratio of 39.60 and a beta of 1.08. The firm's fifty day moving average is C$3.86 and its 200 day moving average is C$3.73. 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 business also recently announced a monthly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th will be paid a $0.0233 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.28 dividend on an annualized basis and a yield of 7.06%. Plaza Retail REIT's dividend payout ratio is currently 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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