Plaza Retail REIT (TSE:PLZ.UN) Shares Pass Above 50 Day Moving Average - Should You Sell?

Plaza Retail REIT (TSE:PLZ.UN - Get Free Report)'s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$3.77 and traded as high as C$3.91. Plaza Retail REIT shares last traded at C$3.88, with a volume of 4,142 shares trading hands.

Plaza Retail REIT Stock Performance

The firm has a market capitalization of C$433.75 million, a P/E ratio of 39.30 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. The firm's 50-day simple moving average is C$3.78 and its 200-day simple moving average is C$3.69.

Plaza Retail REIT Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.0233 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 7.11%. The ex-dividend date of this dividend is Friday, May 30th. 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.