Plaza Retail REIT (TSE:PLZ.UN) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Plaza Retail REIT (TSE:PLZ.UN)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$3.72 and traded as low as C$3.60. Plaza Retail REIT shares last traded at C$3.60, with a volume of 5,670 shares changing hands.

Analyst Ratings Changes

Separately, Desjardins set a C$4.25 target price on Plaza Retail REIT and gave the stock a “buy” rating in a research note on Thursday, January 30th.

Plaza Retail REIT Price Performance

The stock has a market cap of C$398.44 million, a price-to-earnings ratio of 36.10 and a beta of 1.08. The company’s 50 day moving average is C$3.59 and its 200 day moving average is C$3.72. The company has a debt-to-equity ratio of 124.16, a current ratio of 0.22 and a quick ratio of 0.06.

Plaza Retail REIT Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.0233 per share. This represents a $0.28 annualized dividend and a dividend yield of 7.75%. The ex-dividend date is Friday, January 31st. Plaza Retail REIT’s dividend payout ratio (DPR) is 280.00%.

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.