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

Key Points

• Plaza Retail REIT's stock price crossed above its 50-day moving average of C$4.02, reaching a high of C$4.20 during trading on Thursday.
• The company recently announced a monthly dividend of $0.0233 per share, with an annualized yield of 6.7% and a high dividend payout ratio of 280.00%.
• Plaza Retail REIT has a market capitalization of C$460.24 million and a debt-to-equity ratio of 124.16, indicating significant leverage.

Plaza Retail REIT (TSE:PLZ.UN - Get Free Report)'s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$4.02 and traded as high as C$4.20. Plaza Retail REIT shares last traded at C$4.17, with a volume of 11,559 shares traded.

Plaza Retail REIT Stock 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 company's 50 day moving average is C$4.04 and its 200-day moving average is C$3.85. The company has a market capitalization of C$464.66 million, a P/E ratio of 42.10 and a beta of 1.08.

Plaza Retail REIT Announces Dividend

The firm also recently declared 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 dividend yield of 6.6%. The ex-dividend date was Thursday, July 31st. Plaza Retail REIT's dividend payout ratio (DPR) is presently 280.00%.

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.