Plaza Retail REIT (TSE:PLZ.UN) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

Plaza Retail REIT (TSE:PLZ.UN)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$4.19 and traded as high as C$4.19. Plaza Retail REIT shares last traded at C$4.18, with a volume of 15,886 shares traded.

Plaza Retail REIT Stock Performance

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 stock has a fifty day simple moving average of C$4.19 and a two-hundred day simple moving average of C$3.95. The stock has a market capitalization of C$461.60 million, a price-to-earnings ratio of 13.13 and a beta of 0.64.

Plaza Retail REIT Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 15th were issued a dividend of $0.0233 per share. This represents a c) dividend on an annualized basis and a yield of 6.7%. The ex-dividend date was Thursday, July 31st. Plaza Retail REIT’s dividend payout ratio (DPR) is presently 87.96%.

About Plaza Retail REIT

Plaza Retail REIT is an open-ended real estate investment trust and is a retail property owner and developer, focused on Ontario, Quebec and Atlantic Canada. Plaza’s portfolio includes interests in approximately 268 properties totaling approximately 8.6 million square feet across Canada and additional lands held for development.