Plaza Retail REIT (TSE:PLZ.UN) Reaches New 52-Week High – Here’s Why

Plaza Retail REIT (TSE:PLZ.UN)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as C$4.32 and last traded at C$4.28, with a volume of 31462 shares changing hands. The stock had previously closed at C$4.30.

Plaza Retail REIT Price Performance

The business has a 50-day moving average price of C$4.14 and a two-hundred day moving average price of C$4.11. The company has a quick ratio of 0.06, a current ratio of 0.22 and a debt-to-equity ratio of 124.16. The company has a market capitalization of C$473.77 million, a price-to-earnings ratio of 12.20 and a beta of 0.56.

Plaza Retail REIT Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 17th were issued a dividend of $0.0233 per share. The ex-dividend date was Friday, October 31st. This represents a c) annualized dividend and a yield of 6.5%. Plaza Retail REIT’s dividend payout ratio 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. Its portfolio largely consists of open-air centres and stand-alone small box retail outlets and is predominantly occupied by national tenants.