Plaza Retail REIT (TSE:PLZ.UN) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

Plaza Retail REIT (TSE:PLZ.UN) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$3.71 and traded as low as C$3.58. Plaza Retail REIT shares last traded at C$3.61, with a volume of 6,377 shares.

Plaza Retail REIT Stock Up 1.1 %

The firm has a market cap of C$398.44 million, a PE ratio of 36.10 and a beta of 1.08. 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 firm has a 50 day moving average price of C$3.72 and a 200-day moving average price of C$3.71.

Plaza Retail REIT Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th will be paid a $0.0233 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 7.75%. The ex-dividend date is Tuesday, December 31st. Plaza Retail REIT’s dividend payout ratio is presently 280.00%.

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.