Plaza Retail REIT (TSE:PLZ.UN) Share Price Crosses Below 200-Day Moving Average of $3.60

Shares of Plaza Retail REIT (TSE:PLZ.UN) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$3.60 and traded as low as C$3.50. Plaza Retail REIT shares last traded at C$3.52, with a volume of 41,131 shares changing hands.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Royal Bank of Canada dropped their price objective on Plaza Retail REIT from C$4.25 to C$4.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 27th. Laurentian cut Plaza Retail REIT from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$4.50 to C$4.25 in a research report on Monday, January 22nd. Finally, Canaccord Genuity Group set a C$4.00 price objective on Plaza Retail REIT and gave the stock a “buy” rating in a research report on Tuesday, February 27th.

Plaza Retail REIT Trading Up 0.3 %

The business has a 50 day simple moving average of C$3.54 and a 200-day simple moving average of C$3.60. The company has a current ratio of 0.17, a quick ratio of 0.06 and a debt-to-equity ratio of 123.28. The stock has a market capitalization of C$388.50 million, a price-to-earnings ratio of 19.56 and a beta of 1.04.

Plaza Retail REIT Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 15th were paid a $0.0233 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 7.94%. The ex-dividend date of this dividend was Wednesday, March 27th. Plaza Retail REIT’s payout ratio is 155.56%.

Insiders Place Their Bets

In other Plaza Retail REIT news, Senior Officer Stephen Penney purchased 11,250 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were purchased at an average cost of C$3.55 per share, with a total value of C$39,937.50. 35.17% of the stock is owned by corporate 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.