Plaza Retail REIT (TSE:PLZ.UN) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Shares of Plaza Retail REIT (TSE:PLZ.UN) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$3.71 and traded as low as C$3.54. Plaza Retail REIT shares last traded at C$3.55, with a volume of 25,235 shares traded.

Plaza Retail REIT Stock Down 0.6 %

The business has a 50-day moving average price of C$3.64 and a 200-day moving average price of C$3.71. The stock has a market cap of C$389.61 million, a PE ratio of 35.30 and a beta of 1.08. 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 announced a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be given a $0.0233 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.28 annualized dividend and a dividend yield of 7.92%. Plaza Retail REIT’s dividend payout ratio (DPR) is 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.