Plaza Retail REIT (TSE:PLZ.UN) Stock Passes Below 200-Day Moving Average – What’s Next?

Plaza Retail REIT (TSE:PLZ.UN) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$3.71 and traded as low as C$3.58. Plaza Retail REIT shares last traded at C$3.61, with a volume of 6,377 shares changing hands.

Plaza Retail REIT Stock Performance

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 firm has a 50-day simple moving average of C$3.72 and a 200 day simple moving average of C$3.71. The company has a market cap of C$398.44 million, a price-to-earnings ratio of 36.10 and a beta of 1.08.

Plaza Retail REIT Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th will be given a $0.0233 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.28 annualized dividend and a yield of 7.75%. Plaza Retail REIT’s dividend payout ratio (DPR) is 280.00%.

About Plaza Retail REIT

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.