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

Plaza Retail REIT (TSE:PLZ.UN) hit a new 52-week high 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 Trading Up 11.3%

The firm has a market cap of C$574.41 million, a P/E ratio of 9.78 and a beta of 0.74. The company has a debt-to-equity ratio of 124.16, a quick ratio of 0.06 and a current ratio of 0.22. The firm has a fifty day moving average of C$4.56 and a 200-day moving average of C$4.39.

Plaza Retail REIT (TSE:PLZ.UN) last posted its earnings results on Wednesday, May 13th. The company reported C$0.12 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 for the quarter.

Plaza Retail REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th will be paid a dividend of $0.0233 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 5.4%. Plaza Retail REIT’s dividend payout ratio 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.