Plaza Retail REIT (TSE:PLZ.UN) Shares Pass Above Fifty Day Moving Average - Here's What Happened

Key Points

• Plaza Retail REIT's stock price recently surpassed its fifty-day moving average, trading as high as C$4.21.
• The company announced a monthly dividend payment of $0.0233, resulting in an annual yield of 6.7%.
• Plaza Retail REIT has a market capitalization of C$459.39 million and a debt-to-equity ratio of 124.16.

Plaza Retail REIT (TSE:PLZ.UN - )'s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$4.18 and traded as high as C$4.21. Plaza Retail REIT shares last traded at C$4.16, with a volume of 13,950 shares trading hands.

Plaza Retail REIT Price Performance

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 firm has a market cap of C$459.39 million, a price-to-earnings ratio of 13.07 and a beta of 0.71. The stock has a 50-day moving average of C$4.18 and a two-hundred day moving average of C$3.94.

Plaza Retail REIT Dividend Announcement

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

About Plaza Retail REIT

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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