Plaza Retail REIT (TSE:PLZ.UN – Get Free Report)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$3.60 and traded as low as C$3.50. Plaza Retail REIT shares last traded at C$3.52, with a volume of 41,131 shares.
Wall Street Analyst Weigh In
PLZ.UN has been the subject of several analyst reports. Royal Bank of Canada dropped their price objective on shares of Plaza Retail REIT from C$4.25 to C$4.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 27th. Laurentian lowered shares of Plaza Retail REIT from a “buy” rating to a “hold” rating and decreased their target price for the company from C$4.50 to C$4.25 in a report on Monday, January 22nd. Finally, Canaccord Genuity Group set a C$4.00 target price on shares of Plaza Retail REIT and gave the company a “buy” rating in a report on Tuesday, February 27th.
View Our Latest Stock Report on Plaza Retail REIT
Plaza Retail REIT Stock Down 0.3 %
Plaza Retail REIT Dividend Announcement
The firm also recently announced a monthly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 15th were issued a dividend of $0.0233 per share. This represents a $0.28 dividend on an annualized basis and a yield of 7.97%. The ex-dividend date was Wednesday, March 27th. Plaza Retail REIT’s payout ratio is 155.56%.
Insider Transactions at Plaza Retail REIT
In other news, Senior Officer Stephen Penney purchased 11,250 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were purchased at an average price of C$3.55 per share, for a total transaction of C$39,937.50. Corporate insiders own 35.17% of the company’s stock.
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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