Plaza Retail REIT (TSE:PLZ.UN) Sets New 1-Year High – What’s Next?

Plaza Retail REIT (TSE:PLZ.UN) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$5.21 and last traded at C$5.20, with a volume of 548508 shares changing hands. The stock had previously closed at C$4.67.

Plaza Retail REIT Stock Up 11.3%

The company has a debt-to-equity ratio of 124.16, a current ratio of 0.22 and a quick ratio of 0.06. The firm has a market cap of C$574.41 million, a PE ratio of 9.78 and a beta of 0.74. The business has a fifty day moving average price of C$4.56 and a two-hundred day moving average price of C$4.39.

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

Plaza Retail REIT Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th will be issued a dividend of $0.0233 per share. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Tuesday, June 30th. Plaza Retail REIT’s dividend payout ratio (DPR) is currently 52.66%.

About Plaza Retail REIT

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.