Plaza Retail REIT (TSE:PLZ.UN) Share Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Plaza Retail REIT (TSE:PLZ.UN)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$3.77 and traded as high as C$3.91. Plaza Retail REIT shares last traded at C$3.88, with a volume of 4,142 shares changing hands.

Plaza Retail REIT Price 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 business’s 50 day simple moving average is C$3.77 and its 200-day simple moving average is C$3.69. The stock has a market capitalization of C$428.24 million, a price-to-earnings ratio of 38.80 and a beta of 1.08.

Plaza Retail REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 16th will be paid a $0.0233 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 7.21%. The ex-dividend date of this dividend is Friday, May 30th. Plaza Retail REIT’s dividend payout ratio is currently 280.00%.

Insider Activity at Plaza Retail REIT

In other news, Director Susan Taves purchased 18,370 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were acquired at an average price of C$3.80 per share, for a total transaction of C$69,806.00. Company insiders own 35.43% of the company’s stock.

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.