Plaza Retail REIT (TSE:PLZ.UN) Shares Cross Above 50-Day Moving Average – Time to Sell?

Plaza Retail REIT (TSE:PLZ.UN)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$4.73 and traded as high as C$5.23. Plaza Retail REIT shares last traded at C$5.22, with a volume of 138,253 shares changing hands.

Plaza Retail REIT Stock Performance

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 stock has a market cap of C$576.62 million, a PE ratio of 9.82 and a beta of 0.74. The business’s 50-day moving average price is C$4.73 and its 200-day moving average price is C$4.47.

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

Plaza Retail REIT Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 17th will be given a dividend of $0.0233 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. Plaza Retail REIT’s dividend payout ratio is presently 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.