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Plaza Retail REIT (TSE:PLZ.UN) Share Price Passes Above 50 Day Moving Average - Time to Sell?

Plaza Retail REIT logo with Real Estate background

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.

Plaza Retail REIT Stock Performance

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's fifty day moving average is C$3.77 and its two-hundred day moving average is C$3.69. The firm has a market capitalization of C$433.75 million, a price-to-earnings ratio of 39.30 and a beta of 1.08.

Plaza Retail REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 16th will be paid a $0.0233 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 7.11%. The ex-dividend date of this dividend is Friday, May 30th. Plaza Retail REIT's dividend payout ratio (DPR) is presently 280.00%.

Insider Transactions at Plaza Retail REIT

In other Plaza Retail REIT news, Director Susan Taves acquired 18,370 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was acquired at an average cost of C$3.80 per share, for a total transaction of C$69,806.00. Corporate insiders own 35.43% of the company's stock.

Plaza Retail REIT Company Profile

(Get Free Report)

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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