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

Key Points

• Plaza Retail REIT reached a new 52-week high, trading at C$4.20 with a volume of 31,822 shares during mid-day trading.
• The company announced a monthly dividend of $0.0233, which corresponds to an annualized yield of 6.7% and has a payout ratio of 280.00%.
• As of now, Plaza Retail REIT has a market capitalization of C$463.55 million and a PE ratio of 42.00.

Plaza Retail REIT (TSE:PLZ.UN - ) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$4.20 and last traded at C$4.20, with a volume of 31822 shares traded. The stock had previously closed at C$4.17.

Plaza Retail REIT Stock Performance

The firm's 50-day moving average price is C$3.98 and its two-hundred day moving average price is C$3.80. The firm has a market capitalization of C$463.55 million, a PE ratio of 42.00 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 business also recently disclosed a monthly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 15th will be paid a $0.0233 dividend. This represents a c) annualized dividend and a yield of 6.7%. The ex-dividend date is Thursday, July 31st. Plaza Retail REIT's dividend payout ratio is currently 280.00%.

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.

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