Plaza Retail REIT (TSE:PLZ.UN) Sets New 12-Month Low - What's Next?

Plaza Retail REIT (TSE:PLZ.UN - Get Free Report) shares hit a new 52-week low on Wednesday . The stock traded as low as C$3.40 and last traded at C$3.60, with a volume of 100966 shares trading hands. The stock had previously closed at C$3.49.

Wall Street Analyst Weigh In

Separately, Desjardins set a C$4.25 target price on Plaza Retail REIT and gave the company a "buy" rating in a research note on Thursday, January 30th.

Plaza Retail REIT Stock Up 2.5 %

The firm has a market cap of C$400.64 million, a PE ratio of 36.30 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 fifty day moving average price of C$3.68 and a 200-day moving average price of C$3.69.

Plaza Retail REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th were given a $0.0233 dividend. This represents a $0.28 annualized dividend and a yield of 7.70%. The ex-dividend date of this dividend was Friday, January 31st. Plaza Retail REIT's dividend payout ratio (DPR) is presently 280.00%.

Insider Buying and Selling

In other Plaza Retail REIT news, Director Susan Taves bought 18,370 shares of Plaza Retail REIT stock in a transaction dated Monday, March 17th. The stock was bought at an average cost of C$3.80 per share, for a total transaction of C$69,806.00. 35.43% of the stock is currently owned by corporate insiders.

Plaza Retail REIT Company Profile

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.