Plaza Retail REIT (TSE:PLZ.UN) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Shares of Plaza Retail REIT (TSE:PLZ.UN) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$4.04 and traded as low as C$4.03. Plaza Retail REIT shares last traded at C$4.03, with a volume of 16,638 shares.

Plaza Retail REIT Price Performance

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 stock’s 50 day simple moving average is C$4.11 and its two-hundred day simple moving average is C$4.04. The stock has a market cap of C$445.05 million, a price-to-earnings ratio of 11.46 and a beta of 0.60.

Plaza Retail REIT Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 17th were issued a dividend of $0.0233 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend was Friday, October 31st. Plaza Retail REIT’s dividend payout ratio (DPR) is presently 79.59%.

Plaza Retail REIT Company Profile

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.