Plaza Retail REIT (TSE:PLZ.UN) to Issue Monthly Dividend of $0.02

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Plaza Retail REIT (TSE:PLZ.UN) announced a monthly dividend on Thursday, February 25th, TickerTech reports. Investors of record on Monday, March 15th will be given a dividend of 0.0233 per share on Monday, March 15th. This represents a $0.28 dividend on an annualized basis and a yield of 7.52%. The ex-dividend date is Thursday, February 25th.

PLZ.UN stock opened at C$3.72 on Tuesday. The company has a quick ratio of 0.09, a current ratio of 0.17 and a debt-to-equity ratio of 160.20. Plaza Retail REIT has a 52 week low of C$2.65 and a 52 week high of C$4.71. The firm has a 50 day moving average of C$3.64 and a 200 day moving average of C$3.54. The stock has a market capitalization of C$378.60 million and a PE ratio of -24.00.

Several analysts have commented on PLZ.UN shares. Canaccord Genuity lifted their price objective on shares of Plaza Retail REIT from C$3.50 to C$3.75 in a research note on Tuesday, November 17th. BMO Capital Markets lifted their price objective on shares of Plaza Retail REIT from C$3.25 to C$3.50 in a research note on Monday, November 16th.

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.

Further Reading: Correction

Dividend History for Plaza Retail REIT (TSE:PLZ.UN)

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