Plaza Retail REIT (TSE:PLZ.UN) Reaches New 12-Month High - Here's What Happened

Key Points

• Plaza Retail REIT reached a new 12-month high of C$4.20 during trading, with shares last changing hands at C$4.17 on a volume of 22,146 shares.
• The company announced a monthly dividend of $0.0233 to be paid on August 15th, representing a 6.7% dividend yield with a payout ratio of 280.00%.
• Plaza Retail REIT has a market capitalization of C$459.14 million and a significant debt-to-equity ratio of 124.16, indicating high leverage in its financial structure.

Plaza Retail REIT (TSE:PLZ.UN - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The stock traded as high as C$4.20 and last traded at C$4.17, with a volume of 22146 shares trading hands. The stock had previously closed at C$4.17.

Plaza Retail REIT Price Performance

The company has a market capitalization of C$458.04 million, a P/E ratio of 41.50 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. The stock has a 50 day moving average price of C$3.96 and a 200 day moving average price of C$3.80.

Plaza Retail REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 15th will be issued a $0.0233 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a c) annualized dividend and a yield of 6.7%. Plaza Retail REIT's dividend payout ratio (DPR) is 280.00%.

About Plaza Retail REIT

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.