Plaza Retail REIT (TSE:PLZ.UN) Sets New 52-Week High - Still a Buy?

Key Points

• Plaza Retail REIT shares reached a new 52-week high at C$4.12 during mid-day trading, closing at C$4.07 with a volume of 62,555 shares.
• The company announced a monthly dividend of $0.0233 per share, reflecting a 6.79% dividend yield and an annualized amount of $0.28.
• Plaza Retail REIT has a market cap of C$454.72 million, a current ratio of 0.22, and a high debt-to-equity ratio of 124.16.

Plaza Retail REIT (TSE:PLZ.UN - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$4.12 and last traded at C$4.07, with a volume of 62555 shares. The stock had previously closed at C$4.08.

Plaza Retail REIT Stock Down 0.5%

The company has a market cap of C$456.93 million, a PE ratio of 41.40 and a beta of 1.08. The company has a debt-to-equity ratio of 124.16, a current ratio of 0.22 and a quick ratio of 0.06. The business's 50 day moving average is C$3.93 and its 200-day moving average is C$3.77.

Plaza Retail REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 15th will be given a dividend of $0.0233 per share. This represents a c) annualized dividend and a dividend yield of 6.8%. The ex-dividend date is Thursday, July 31st. Plaza Retail REIT's 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.