Plaza Retail REIT (TSE:PLZ.UN) Reaches New 52-Week Low – Time to Sell?

Plaza Retail REIT (TSE:PLZ.UN)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as C$3.40 and last traded at C$3.60, with a volume of 100966 shares. The stock had previously closed at C$3.49.

Wall Street Analysts Forecast Growth

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

Plaza Retail REIT Stock Performance

The firm’s fifty day simple moving average is C$3.68 and its 200 day simple moving average is C$3.70. The company has a market capitalization of C$399.54 million, a price-to-earnings ratio of 36.20 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.

Plaza Retail REIT Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th were paid a $0.0233 dividend. This represents a $0.28 annualized dividend and a yield of 7.72%. The ex-dividend date was Friday, January 31st. Plaza Retail REIT’s dividend payout ratio is currently 280.00%.

Insider Activity

In other news, Director Susan Taves bought 18,370 shares of the stock in a transaction on Monday, March 17th. The shares were purchased at an average price of C$3.80 per share, for a total transaction of C$69,806.00. 35.43% of the stock is owned by corporate insiders.

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.