Plaza Retail REIT (TSE:PLZ.UN) Shares Cross Above 50-Day Moving Average – Time to Sell?

Plaza Retail REIT (TSE:PLZ.UN) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$4.73 and traded as high as C$5.23. Plaza Retail REIT shares last traded at C$5.22, with a volume of 138,253 shares trading hands.

Plaza Retail REIT Stock Down 0.2%

The company has a market cap of C$576.62 million, a P/E ratio of 9.82 and a beta of 0.74. The company has a quick ratio of 0.06, a current ratio of 0.22 and a debt-to-equity ratio of 124.16. The business’s 50 day moving average is C$4.73 and its 200 day moving average is C$4.47.

Plaza Retail REIT (TSE:PLZ.UN) last announced 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 return on equity of 2.07% and a net margin of 9.40%.The business had revenue of C$32.51 million for the quarter.

Plaza Retail REIT Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 17th will be paid 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 52.66%.

Plaza Retail REIT Company Profile

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.