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

Plaza Retail REIT (TSE:PLZ.UN) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$4.02 and traded as low as C$3.96. Plaza Retail REIT shares last traded at C$3.97, with a volume of 53,477 shares trading hands.

Plaza Retail REIT Stock Down 1.5%

The company’s 50 day moving average is C$4.13 and its 200 day moving average is C$4.02. The company has a market cap of C$438.41 million, a PE ratio of 12.47 and a beta of 0.60. The company has a current ratio of 0.22, a quick ratio of 0.06 and a debt-to-equity ratio of 124.16.

Plaza Retail REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 17th will be issued a $0.0233 dividend. The ex-dividend date is Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. Plaza Retail REIT’s dividend payout ratio (DPR) is currently 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.