Plaza Retail REIT Declares Monthly Dividend of $0.02 (TSE:PLZ.UN)

Plaza Retail REIT (TSE:PLZ.UN) announced a monthly dividend on Wednesday, July 31st, TickerTech reports. Stockholders of record on Thursday, August 15th will be paid a dividend of 0.0233 per share on Thursday, August 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 7.46%. The ex-dividend date is Wednesday, July 31st.

Plaza Retail REIT Price Performance

Shares of Plaza Retail REIT stock opened at C$3.75 on Monday. Plaza Retail REIT has a 52-week low of C$3.40 and a 52-week high of C$4.05. The stock has a market capitalization of C$413.85 million, a price-to-earnings ratio of 18.75 and a beta of 1.04. The company has a fifty day moving average of C$3.57 and a 200-day moving average of C$3.58. The company has a debt-to-equity ratio of 123.39, a quick ratio of 0.06 and a current ratio of 0.18.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group increased their price target on shares of Plaza Retail REIT from C$4.00 to C$4.25 and gave the company a “buy” rating in a research report on Monday, May 13th.

Plaza Retail REIT Company Profile

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.