Plaza Retail REIT (TSE:PLZ.UN) Stock Price Passes Below Two Hundred Day Moving Average of $3.60

Plaza Retail REIT (TSE:PLZ.UN)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$3.60 and traded as low as C$3.50. Plaza Retail REIT shares last traded at C$3.52, with a volume of 41,131 shares changing hands.

Analyst Ratings Changes

PLZ.UN has been the subject of several recent research reports. Laurentian lowered Plaza Retail REIT from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$4.50 to C$4.25 in a research report on Monday, January 22nd. Royal Bank of Canada lowered their price objective on Plaza Retail REIT from C$4.25 to C$4.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 27th. Finally, Canaccord Genuity Group set a C$4.00 price objective on Plaza Retail REIT and gave the company a “buy” rating in a research report on Tuesday, February 27th.

Plaza Retail REIT Trading Down 0.3 %

The firm has a 50-day moving average price of C$3.54 and a 200-day moving average price of C$3.59. The company has a debt-to-equity ratio of 123.28, a quick ratio of 0.06 and a current ratio of 0.17. The stock has a market cap of C$387.40 million, a PE ratio of 19.50 and a beta of 1.04.

Plaza Retail REIT Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 15th were given a $0.0233 dividend. This represents a $0.28 annualized dividend and a dividend yield of 7.97%. The ex-dividend date of this dividend was Wednesday, March 27th. Plaza Retail REIT’s dividend payout ratio is presently 155.56%.

Insider Transactions at Plaza Retail REIT

In other Plaza Retail REIT news, Senior Officer Stephen Penney acquired 11,250 shares of Plaza Retail REIT stock in a transaction that occurred on Wednesday, March 13th. The stock was bought at an average cost of C$3.55 per share, for a total transaction of C$39,937.50. 35.17% of the stock is owned by insiders.

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.