Plaza Retail REIT (TSE:PLZ.UN) Reaches New 52-Week High – Here’s Why

Plaza Retail REIT (TSE:PLZ.UNGet Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$5.34 and last traded at C$5.30, with a volume of 105722 shares trading hands. The stock had previously closed at C$5.20.

Plaza Retail REIT Price Performance

The firm has a market cap of C$585.46 million, a P/E ratio of 9.97 and a beta of 0.75. The company has a debt-to-equity ratio of 124.16, a current ratio of 0.22 and a quick ratio of 0.06. The firm’s 50 day moving average is C$4.87 and its 200 day moving average is C$4.53.

Plaza Retail REIT (TSE:PLZ.UNGet Free Report) last announced its earnings results on Wednesday, August 5th. The company reported C$0.15 earnings per share for the quarter. Plaza Retail REIT had a net margin of 9.40% and a return on equity of 2.07%. The business had revenue of C$32.19 million during the quarter.

Plaza Retail REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 17th will be paid a $0.0233 dividend. The ex-dividend date is Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 5.3%. Plaza Retail REIT’s dividend payout ratio is presently 52.66%.

About Plaza Retail REIT

(Get Free Report)

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.

Further Reading

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