Plaza Retail REIT (TSE:PLZ.UN) Share Price Passes Above 50-Day Moving Average of $3.55

Plaza Retail REIT (TSE:PLZ.UNGet Free Report) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$3.55 and traded as high as C$3.66. Plaza Retail REIT shares last traded at C$3.64, with a volume of 65,384 shares.

Wall Street Analysts Forecast Growth

PLZ.UN has been the subject of a number of research analyst reports. Canaccord Genuity Group increased their price objective on shares of Plaza Retail REIT from C$4.00 to C$4.25 and gave the company a “buy” rating in a report on Monday, May 13th. Royal Bank of Canada cut 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 report on Tuesday, February 27th.

Get Our Latest Report on Plaza Retail REIT

Plaza Retail REIT Price Performance

The company has a quick ratio of 0.06, a current ratio of 0.18 and a debt-to-equity ratio of 123.39. The firm’s 50 day simple moving average is C$3.55 and its 200 day simple moving average is C$3.59. The company has a market capitalization of C$401.71 million, a PE ratio of 18.20 and a beta of 1.04.

Plaza Retail REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 17th will be paid a dividend of $0.0233 per share. This represents a $0.28 annualized dividend and a yield of 7.68%. The ex-dividend date is Friday, May 31st. Plaza Retail REIT’s payout ratio is 140.00%.

Insider Transactions at Plaza Retail REIT

In other Plaza Retail REIT news, Senior Officer Stephen Penney bought 11,250 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was acquired at an average cost of C$3.55 per share, for a total transaction of C$39,937.50. Corporate insiders own 35.43% of the company’s stock.

About Plaza Retail REIT

(Get Free Report)

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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