Plaza Retail REIT (TSE:PLZ.UN) Share Price Passes Below Two Hundred Day Moving Average of $3.60

Plaza Retail REIT (TSE:PLZ.UN) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$3.60 and traded as low as C$3.43. Plaza Retail REIT shares last traded at C$3.47, with a volume of 34,485 shares traded.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Royal Bank of Canada dropped 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 research note on Tuesday, February 27th. Canaccord Genuity Group increased their target price on shares of Plaza Retail REIT from C$4.00 to C$4.25 and gave the stock a “buy” rating in a report on Monday, May 13th.

Plaza Retail REIT Trading Up 0.3 %

The business’s 50-day moving average price is C$3.54 and its two-hundred day moving average price is C$3.60. The firm has a market cap of C$382.95 million, a price-to-earnings ratio of 17.35 and a beta of 1.04. The company has a debt-to-equity ratio of 123.39, a current ratio of 0.18 and a quick ratio of 0.06.

Plaza Retail REIT Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 17th were given a dividend of $0.0233 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.28 annualized dividend and a dividend yield of 8.06%. Plaza Retail REIT’s dividend payout ratio (DPR) is 140.00%.

About Plaza Retail REIT

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.