Plaza Retail REIT (TSE:PLZ.UN) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Plaza Retail REIT (TSE:PLZ.UN)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$3.71 and traded as low as C$3.71. Plaza Retail REIT shares last traded at C$3.73, with a volume of 56,724 shares.

Analyst Upgrades and Downgrades

Separately, Desjardins set a C$4.25 target price on shares of Plaza Retail REIT and gave the company a “buy” rating in a research note on Thursday, January 30th.

Plaza Retail REIT Trading Down 3.2 %

The stock has a market capitalization of C$398.44 million, a PE ratio of 36.10 and a beta of 1.08. The stock’s 50 day moving average price is C$3.68 and its 200-day moving average price is C$3.71. The company has a quick ratio of 0.06, a current ratio of 0.22 and a debt-to-equity ratio of 124.16.

Plaza Retail REIT Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th were paid a dividend of $0.0233 per share. This represents a $0.28 annualized dividend and a yield of 7.75%. The ex-dividend date of this dividend was Friday, January 31st. Plaza Retail REIT’s dividend payout ratio (DPR) is presently 280.00%.

Insider Buying and Selling

In other news, Director Susan Taves purchased 18,370 shares of the business’s stock in a transaction on Monday, March 17th. The stock was acquired at an average price of C$3.80 per share, for a total transaction of C$69,806.00. 35.43% 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.