Plaza Retail REIT (TSE:PLZ.UN) Hits New 12-Month High – What’s Next?

Shares of Plaza Retail REIT (TSE:PLZ.UN) hit a new 52-week high on Wednesday . The stock traded as high as C$5.21 and last traded at C$5.20, with a volume of 548508 shares. The stock had previously closed at C$4.67.

Plaza Retail REIT Stock Performance

The firm has a market capitalization of C$576.62 million, a price-to-earnings ratio of 9.82 and a beta of 0.74. The company has a current ratio of 0.22, a quick ratio of 0.06 and a debt-to-equity ratio of 124.16. The company has a fifty day moving average price of C$4.59 and a 200-day moving average price of C$4.41.

Plaza Retail REIT (TSE:PLZ.UN) last released its quarterly earnings data on Wednesday, May 13th. The company reported C$0.12 EPS for the quarter. The firm had revenue of C$32.51 million for the quarter. Plaza Retail REIT had a return on equity of 2.07% and a net margin of 9.40%.

Plaza Retail REIT Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th will be paid a dividend of $0.0233 per share. The ex-dividend date is Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 5.4%. Plaza Retail REIT’s dividend payout ratio is 52.66%.

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. Its portfolio largely consists of open-air centres and stand-alone small box retail outlets and is predominantly occupied by national tenants.