Plaza Retail REIT (TSE:PLZ.UN) Share Price Crosses Above 50 Day Moving Average – What’s Next?

Plaza Retail REIT (TSE:PLZ.UN)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$4.10 and traded as high as C$4.25. Plaza Retail REIT shares last traded at C$4.23, with a volume of 35,135 shares traded.

Plaza Retail REIT Stock Performance

The company’s 50 day moving average is C$4.10 and its 200-day moving average is C$4.08. The company has a market capitalization of C$467.14 million, a P/E ratio of 12.03 and a beta of 0.56. The company has a current ratio of 0.22, a quick ratio of 0.06 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 Monday, November 17th. Investors of record on Monday, November 17th were given a dividend of $0.0233 per share. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend was Friday, October 31st. Plaza Retail REIT’s dividend payout ratio (DPR) is 79.59%.

Plaza Retail REIT Company Profile

Plaza Retail REIT is an open-ended real estate investment trust and is a retail property owner and developer, focused on Ontario, Quebec and Atlantic Canada. Plaza’s portfolio includes interests in approximately 268 properties totaling approximately 8.6 million square feet across Canada and additional lands held for development.