Plaza Retail REIT (TSE:PLZ.UN) Shares Pass Above 50-Day Moving Average – Time to Sell?

Plaza Retail REIT (TSE:PLZ.UN)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$3.81 and traded as high as C$3.88. Plaza Retail REIT shares last traded at C$3.85, with a volume of 60,432 shares traded.

Plaza Retail REIT Stock Down 0.5 %

The firm has a market cap of C$424.92 million, a PE ratio of 38.50 and a beta of 1.08. 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 business has a fifty day moving average price of C$3.81 and a two-hundred day moving average price of C$3.65.

Plaza Retail REIT Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.0233 per share. The ex-dividend date was Wednesday, July 31st. This represents a $0.28 annualized dividend and a yield of 7.26%. Plaza Retail REIT’s dividend payout ratio (DPR) is presently 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.