Plaza Retail REIT (TSE:PLZ.UN) Stock Crosses Below 200 Day Moving Average – What’s Next?

Plaza Retail REIT (TSE:PLZ.UN) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$3.70 and traded as low as C$3.55. Plaza Retail REIT shares last traded at C$3.58, with a volume of 19,281 shares trading hands.

Wall Street Analysts Forecast Growth

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

Plaza Retail REIT Trading Down 1.1 %

The stock has a market cap of C$395.12 million, a PE ratio of 35.80 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 company has a 50 day moving average of C$3.60 and a two-hundred day moving average of C$3.70.

Plaza Retail REIT Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.0233 per share. This represents a $0.28 annualized dividend and a dividend yield of 7.81%. The ex-dividend date of this dividend was Friday, January 31st. Plaza Retail REIT’s payout ratio is 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.