Plaza Retail REIT (TSE:PLZ.UN) Share Price Passes Below Two Hundred Day Moving Average of $3.59

Plaza Retail REIT (TSE:PLZ.UN) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$3.59 and traded as low as C$3.48. Plaza Retail REIT shares last traded at C$3.48, with a volume of 10,845 shares changing hands.

Analyst Ratings Changes

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

Plaza Retail REIT Trading Down 0.6 %

The company has a debt-to-equity ratio of 123.28, a current ratio of 0.17 and a quick ratio of 0.06. The business’s 50 day simple moving average is C$3.53 and its 200 day simple moving average is C$3.59. The stock has a market cap of C$384.09 million, a P/E ratio of 19.33 and a beta of 1.04.

Plaza Retail REIT Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 15th were given a dividend of $0.0233 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 8.03%. The ex-dividend date of this dividend was Wednesday, March 27th. Plaza Retail REIT’s dividend payout ratio (DPR) is currently 155.56%.

Insider Transactions at Plaza Retail REIT

In other Plaza Retail REIT news, Senior Officer Stephen Penney bought 11,250 shares of the stock in a transaction dated 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. Company insiders own 35.17% of the company’s stock.

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.