Plaza Retail REIT (TSE:PLZ.UN) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Plaza Retail REIT (TSE:PLZ.UN)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$3.58 and traded as high as C$3.67. Plaza Retail REIT shares last traded at C$3.66, with a volume of 29,081 shares.

Wall Street Analysts Forecast Growth

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

Plaza Retail REIT Price Performance

The stock has a 50 day moving average of C$3.58 and a two-hundred day moving average of C$3.71. The stock has a market cap of C$403.95 million, a PE ratio of 36.60 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.

Plaza Retail REIT Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th were paid a $0.0233 dividend. The ex-dividend date was Friday, January 31st. This represents a $0.28 dividend on an annualized basis and a yield of 7.64%. Plaza Retail REIT’s dividend payout ratio 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.