Plaza Retail REIT (PLZ.UN) to Issue Monthly Dividend of $0.02 on August 15th

Posted by James Conley on Jul 29th, 2024

Plaza Retail REIT (TSE:PLZ.UN – Get Free Report) announced a monthly dividend on Wednesday, July 31st, TickerTech reports. Shareholders of record on Thursday, August 15th will be given a dividend of 0.0233 per share on Thursday, August 15th. This represents a $0.28 dividend on an annualized basis and a yield of 7.46%. The ex-dividend date is Wednesday, July 31st.

Plaza Retail REIT Price Performance

PLZ.UN stock opened at C$3.75 on Monday. The company has a debt-to-equity ratio of 123.39, a current ratio of 0.18 and a quick ratio of 0.06. The firm has a market capitalization of C$413.85 million, a P/E ratio of 18.75 and a beta of 1.04. The business’s 50-day moving average is C$3.57 and its two-hundred day moving average is C$3.58. Plaza Retail REIT has a 1 year low of C$3.40 and a 1 year high of C$4.05.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group increased their price target on Plaza Retail REIT from C$4.00 to C$4.25 and gave the company a “buy” rating in a research report on Monday, May 13th.

Get Our Latest Stock Analysis on PLZ.UN

About Plaza Retail REIT

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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.