Plaza Retail REIT (TSE:PLZ.UN) Sets New 1-Year High – Here’s What Happened

Plaza Retail REIT (TSE:PLZ.UN) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$5.25 and last traded at C$5.24, with a volume of 69486 shares changing hands. The stock had previously closed at C$5.21.

Plaza Retail REIT Trading Up 0.4%

The company has a current ratio of 0.22, a quick ratio of 0.06 and a debt-to-equity ratio of 124.16. The stock has a 50-day simple moving average of C$4.75 and a 200 day simple moving average of C$4.48. The company has a market cap of C$577.73 million, a price-to-earnings ratio of 9.84 and a beta of 0.74.

Plaza Retail REIT (TSE:PLZ.UN) last issued its quarterly earnings results on Wednesday, May 13th. The company reported C$0.12 earnings per share for the quarter. The company had revenue of C$32.51 million for the quarter. Plaza Retail REIT had a net margin of 9.40% and a return on equity of 2.07%.

Plaza Retail REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 17th will be given a dividend of $0.0233 per share. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date is Friday, July 31st. Plaza Retail REIT’s dividend payout ratio (DPR) is currently 52.66%.

Plaza Retail REIT Company Profile

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.