Susan Taves Acquires 18,370 Shares of Plaza Retail REIT (TSE:PLZ.UN) Stock

Plaza Retail REIT (TSE:PLZ.UN) Director Susan Taves bought 18,370 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was acquired at an average cost of C$3.80 per share, with a total value of C$69,806.00.

Susan Taves also recently made the following trade(s):

• On Wednesday, March 5th, Susan Taves bought 1,130 shares of Plaza Retail REIT stock. The stock was acquired at an average cost of C$3.62 per share, with a total value of C$4,090.60.

Plaza Retail REIT Stock Up 1.3 %

TSE PLZ.UN traded up C$0.05 during trading on Tuesday, hitting C$3.76. 41,067 shares of the company traded hands, compared to its average volume of 51,054. Plaza Retail REIT has a 12 month low of C$3.40 and a 12 month high of C$3.96. The business has a fifty day simple moving average of C$3.63 and a 200 day simple moving average of C$3.71. 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 company has a market capitalization of C$414.99 million, a P/E ratio of 37.60 and a beta of 1.08.

Plaza Retail REIT Announces Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.0233 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.28 annualized dividend and a yield of 7.44%. Plaza Retail REIT’s dividend payout ratio (DPR) is currently 280.00%.

Wall Street Analyst Weigh In

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

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.