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Plaza Retail REIT (TSE:PLZ.UN) Stock Crosses Above 50 Day Moving Average - What's Next?

Plaza Retail REIT logo with Real Estate background

Plaza Retail REIT (TSE:PLZ.UN - Get Free Report)'s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$3.85 and traded as high as C$3.94. Plaza Retail REIT shares last traded at C$3.93, with a volume of 56,248 shares.

Plaza Retail REIT Stock Down 0.3%

The firm's 50-day moving average price is C$3.86 and its 200 day moving average price is C$3.72. The company has a market capitalization of C$433.75 million, a price-to-earnings ratio of 39.30 and a beta of 1.08. The company has a current ratio of 0.22, a quick ratio of 0.06 and a debt-to-equity ratio of 124.16.

Plaza Retail REIT Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 15th will be given a $0.0233 dividend. This represents a $0.28 annualized dividend and a dividend yield of 7.11%. The ex-dividend date is Monday, June 30th. Plaza Retail REIT's payout ratio is presently 280.00%.

About Plaza Retail REIT

(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.

Further Reading

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