Plaza Retail REIT (TSE:PLZ.UN) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Plaza Retail REIT (TSE:PLZ.UN)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$3.72 and traded as low as C$3.60. Plaza Retail REIT shares last traded at C$3.60, with a volume of 5,670 shares traded.

Analyst Upgrades and Downgrades

Separately, Desjardins set a C$4.25 price objective on shares of Plaza Retail REIT and gave the company a “buy” rating in a research note on Thursday, January 30th.

Plaza Retail REIT Stock Performance

The firm has a market capitalization of C$397.33 million, a PE ratio of 36.00 and a beta of 1.08. 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 50-day moving average of C$3.60 and a 200 day moving average of C$3.72.

Plaza Retail REIT Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.0233 per share. This represents a $0.28 annualized dividend and a dividend yield of 7.77%. The ex-dividend date of this dividend is Friday, January 31st. Plaza Retail REIT’s payout ratio is 280.00%.

Plaza Retail REIT Company Profile

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.