Plaza Retail REIT (TSE:PLZ.UN) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

Plaza Retail REIT (TSE:PLZ.UN) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$4.73 and traded as high as C$5.23. Plaza Retail REIT shares last traded at C$5.22, with a volume of 138,253 shares changing hands.

Plaza Retail REIT Stock Performance

The stock has a market cap of C$575.52 million, a P/E ratio of 9.80 and a beta of 0.74. 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’s 50-day moving average price is C$4.75 and its 200-day moving average price is C$4.48.

Plaza Retail REIT (TSE:PLZ.UN) last released its earnings results on Wednesday, May 13th. The company reported C$0.12 EPS for the quarter. The firm had revenue of C$32.51 million for the quarter. Plaza Retail REIT had a net margin of 9.40% and a return on equity of 2.07%.

Plaza Retail REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 17th will be paid a $0.0233 dividend. The ex-dividend date is Friday, July 31st. This represents a c) annualized dividend and a yield of 5.4%. Plaza Retail REIT’s payout ratio is presently 52.66%.

About Plaza Retail REIT

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. Its portfolio largely consists of open-air centres and stand-alone small box retail outlets and is predominantly occupied by national tenants.