Plaza Retail REIT (TSE:PLZ.UN) Share Price Passes Above 50 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)'s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 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 changing hands.

Plaza Retail REIT Price Performance

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 firm has a market capitalization of C$458.04 million, a P/E ratio of 41.50 and a beta of 1.08. The company's 50-day simple moving average is C$3.96 and its two-hundred day simple moving average is C$3.79.

Plaza Retail REIT Dividend Announcement

The company 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 6.7%. The ex-dividend date is Thursday, July 31st. Plaza Retail REIT's dividend payout ratio (DPR) 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.