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

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) hit a new 52-week high during mid-day trading 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 Stock Performance

The stock's fifty day simple moving average is C$3.96 and its two-hundred day simple moving average is C$3.79. The firm has a market cap of C$458.04 million, a PE ratio of 41.50 and a beta of 1.08. The company has a quick ratio of 0.06, a current ratio of 0.22 and a debt-to-equity ratio of 124.16.

Plaza Retail REIT Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.0233 per share. This represents a c) dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend is Thursday, July 31st. Plaza Retail REIT's dividend payout ratio is currently 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.