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

Key Points

• Plaza Retail REIT's stock price has recently surpassed its 50-day moving average of C$4.07, trading as high as C$4.27 before settling at C$4.15.
• The company announced a monthly dividend of $0.0233, representing a 6.7% dividend yield and a payout ratio of approximately 87.96%.
• Plaza Retail REIT has a market cap of C$458.28 million, with financial metrics including a debt-to-equity ratio of 124.16 and a price-to-earnings ratio of 13.04.

Shares of Plaza Retail REIT (TSE:PLZ.UN - ) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$4.07 and traded as high as C$4.27. Plaza Retail REIT shares last traded at C$4.15, with a volume of 76,893 shares trading hands.

Plaza Retail REIT Price Performance

The company has a debt-to-equity ratio of 124.16, a current ratio of 0.22 and a quick ratio of 0.06. The firm has a market cap of C$458.28 million, a price-to-earnings ratio of 13.04 and a beta of 0.71. The stock's fifty day moving average price is C$4.07 and its 200-day moving average price is C$3.87.

Plaza Retail REIT Announces Dividend

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