Plaza Retail REIT (TSE:PLZ.UN) Shares Pass Below 200 Day Moving Average – Here’s Why

Plaza Retail REIT (TSE:PLZ.UN)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$3.71 and traded as low as C$3.58. Plaza Retail REIT shares last traded at C$3.61, with a volume of 6,377 shares changing hands.

Plaza Retail REIT Price Performance

The stock has a market capitalization of C$398.44 million, a P/E ratio of 36.10 and a beta of 1.08. The company has a debt-to-equity ratio of 124.16, a quick ratio of 0.06 and a current ratio of 0.22. The business has a fifty day simple moving average of C$3.73 and a 200-day simple moving average of C$3.71.

Plaza Retail REIT Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th will be paid a dividend of $0.0233 per share. This represents a $0.28 dividend on an annualized basis and a yield of 7.75%. The ex-dividend date of this dividend is Tuesday, December 31st. Plaza Retail REIT’s dividend payout ratio (DPR) is currently 280.00%.

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.