Plaza Retail REIT (TSE:PLZ.UN) Sets New 1-Year High – Here’s Why

Plaza Retail REIT (TSE:PLZ.UN)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$4.34 and last traded at C$4.33, with a volume of 166607 shares. The stock had previously closed at C$4.27.

Plaza Retail REIT Stock Performance

The stock’s 50 day moving average price is C$4.17 and its two-hundred day moving average price is C$4.14. The company has a current ratio of 0.22, a quick ratio of 0.06 and a debt-to-equity ratio of 124.16. The firm has a market capitalization of C$482.60 million, a price-to-earnings ratio of 12.42 and a beta of 0.66.

Plaza Retail REIT Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 17th were issued a $0.0233 dividend. The ex-dividend date of this dividend was Friday, October 31st. This represents a c) dividend on an annualized basis and a yield of 6.4%. Plaza Retail REIT’s dividend payout ratio (DPR) is 79.59%.

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.