Plaza Retail REIT (TSE:PLZ.UN) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Plaza Retail REIT (TSE:PLZ.UN) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$3.70 and traded as low as C$3.55. Plaza Retail REIT shares last traded at C$3.58, with a volume of 19,281 shares.

Wall Street Analysts Forecast Growth

Separately, Desjardins set a C$4.25 price target on Plaza Retail REIT and gave the company a “buy” rating in a research report on Thursday, January 30th.

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 business has a 50 day moving average of C$3.60 and a 200-day moving average of C$3.70. The stock has a market cap of C$395.12 million, a PE ratio of 35.80 and a beta of 1.08.

Plaza Retail REIT Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th were issued a $0.0233 dividend. The ex-dividend date was Friday, January 31st. This represents a $0.28 annualized dividend and a yield of 7.81%. Plaza Retail REIT’s dividend payout ratio (DPR) is presently 280.00%.

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.