Plaza Retail REIT (TSE:PLZ.UN) Reaches New 12-Month High – Should You Buy?

Plaza Retail REIT (TSE:PLZ.UNGet Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as C$5.25 and last traded at C$5.24, with a volume of 69486 shares changing hands. The stock had previously closed at C$5.21.

Plaza Retail REIT Trading Down 0.4%

The firm has a market cap of C$576.62 million, a P/E ratio of 9.82 and a beta of 0.74. The business’s 50-day moving average is C$4.78 and its two-hundred day moving average is C$4.49. The company has a current ratio of 0.22, a quick ratio of 0.06 and a debt-to-equity ratio of 124.16.

Plaza Retail REIT (TSE:PLZ.UNGet Free Report) last issued its earnings results on Wednesday, May 13th. The company reported C$0.12 earnings per share (EPS) for the quarter. Plaza Retail REIT had a net margin of 9.40% and a return on equity of 2.07%. The firm had revenue of C$32.51 million for the quarter.

Plaza Retail REIT Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 17th will be given a dividend of $0.0233 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Friday, July 31st. 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.

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