Plaza Retail REIT (TSE:PLZ.UN) Shares Cross Above 50 Day Moving Average - Here's Why

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.

Plaza Retail REIT (TSE:PLZ.UN - Get Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty 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 stock has a market capitalization of C$464.91 million, a price-to-earnings ratio of 13.23 and a beta of 0.71. The company has a current ratio of 0.22, a quick ratio of 0.06 and a debt-to-equity ratio of 124.16. The stock's 50 day moving average is C$4.12 and its two-hundred day moving average is C$3.90.

Plaza Retail REIT Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 15th were paid a $0.0233 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a c) dividend on an annualized basis and a yield of 6.6%. Plaza Retail REIT's dividend 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.