Plaza Retail REIT (TSE:PLZ.UN) Stock Crosses Above Fifty Day Moving Average - Time to Sell?

Key Points

• Plaza Retail REIT shares have crossed above their 50-day moving average, currently trading at C$4.17, up from a 50-day average of C$3.95.
• The company has recently announced a monthly dividend of $0.0233 per share, resulting in an annual yield of 6.7%, with a payout ratio of 280.00%.
• Plaza Retail REIT operates a portfolio of 287 properties across Canada, focusing on retail development in Ontario, Quebec, and Atlantic Canada.

Plaza Retail REIT (TSE:PLZ.UN - Get Free Report) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$3.95 and traded as high as C$4.18. Plaza Retail REIT shares last traded at C$4.17, with a volume of 35,871 shares traded.

Plaza Retail REIT Price Performance

The company has a quick ratio of 0.06, a current ratio of 0.22 and a debt-to-equity ratio of 124.16. The firm has a market capitalization of C$458.04 million, a price-to-earnings ratio of 41.50 and a beta of 1.08. The stock's 50 day moving average price is C$3.96 and its two-hundred day moving average price is C$3.80.

Plaza Retail REIT Announces Dividend

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 given a dividend of $0.0233 per share. This represents a c) annualized dividend 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 presently 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.