Plaza Retail REIT (TSE:PLZ.UN – Get Free Report)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$3.59 and traded as low as C$3.48. Plaza Retail REIT shares last traded at C$3.48, with a volume of 10,845 shares trading hands.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the stock. Canaccord Genuity Group set a C$4.00 price objective on shares of Plaza Retail REIT and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Royal Bank of Canada lowered their price objective on Plaza Retail REIT from C$4.25 to C$4.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 27th. Finally, Laurentian lowered Plaza Retail REIT from a “buy” rating to a “hold” rating and cut their target price for the company from C$4.50 to C$4.25 in a research report on Monday, January 22nd.
View Our Latest Analysis on Plaza Retail REIT
Plaza Retail REIT Price Performance
Plaza Retail REIT Announces Dividend
The company also recently announced a monthly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 15th were given a $0.0233 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 8.03%. The ex-dividend date was Wednesday, March 27th. Plaza Retail REIT’s payout ratio is 155.56%.
Insiders Place Their Bets
In other Plaza Retail REIT news, Senior Officer Stephen Penney purchased 11,250 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was acquired 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.
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.
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