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

Key Points

• Plaza Retail REIT's stock crossed above its 50-day moving average of C$4.11, trading as high as C$4.24 before closing at C$4.22.
• The company recently announced a monthly dividend of $0.0233 per share, resulting in an annualized dividend yield of 6.6%.
• Plaza Retail REIT has a market cap of C$466.01 million and a debt-to-equity ratio of 124.16.

Shares of Plaza Retail REIT (TSE:PLZ.UN - Get Free Report) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$4.11 and traded as high as C$4.24. Plaza Retail REIT shares last traded at C$4.22, with a volume of 13,539 shares.

Plaza Retail REIT Stock Performance

The business has a fifty day moving average price of C$4.12 and a 200-day moving average price of C$3.89. The stock has a market capitalization of C$462.70 million, a P/E ratio of 13.16 and a beta of 0.71. The company has a quick ratio of 0.06, a current ratio of 0.22 and a debt-to-equity ratio of 124.16.

Plaza Retail REIT Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 15th were issued a dividend of $0.0233 per share. This represents a c) annualized dividend and a dividend yield of 6.7%. The ex-dividend date of this dividend was Thursday, July 31st. Plaza Retail REIT's payout ratio is presently 87.96%.

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.