Plaza Retail REIT (TSE:PLZ.UN) Hits New 12-Month High – Still a Buy?

Plaza Retail REIT (TSE:PLZ.UNGet Free Report) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$5.25 and last traded at C$5.24, with a volume of 69486 shares trading hands. The stock had previously closed at C$5.21.

Plaza Retail REIT Trading Up 0.4%

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 company’s 50-day moving average is C$4.75 and its 200 day moving average is C$4.48. The company has a market cap of C$577.73 million, a price-to-earnings ratio of 9.84 and a beta of 0.74.

Plaza Retail REIT (TSE:PLZ.UNGet Free Report) last issued its quarterly earnings data on Wednesday, May 13th. The company reported C$0.12 earnings per share for the quarter. Plaza Retail REIT had a net margin of 9.40% and a return on equity of 2.07%. The business had revenue of C$32.51 million during the quarter.

Plaza Retail REIT Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 17th will be paid a $0.0233 dividend. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Friday, July 31st. Plaza Retail REIT’s payout ratio is currently 52.66%.

Plaza Retail REIT Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Plaza Retail REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plaza Retail REIT and related companies with MarketBeat.com's FREE daily email newsletter.