Plaza Retail REIT (TSE:PLZ.UN) Plans $0.02 Monthly Dividend

Plaza Retail REIT (TSE:PLZ.UN – Get Free Report) announced a monthly dividend on Tuesday, June 30th, TickerTech Dividends reports. Shareholders of record on Wednesday, July 15th will be given a dividend of 0.0233 per share on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date is Tuesday, June 30th.

Plaza Retail REIT Price Performance

PLZ.UN stock opened at C$4.71 on Friday. Plaza Retail REIT has a 52-week low of C$3.86 and a 52-week high of C$4.74. The company’s 50 day simple moving average is C$4.51 and its 200-day simple moving average is C$4.36. The company has a debt-to-equity ratio of 124.16, a current ratio of 0.22 and a quick ratio of 0.06. The firm has a market capitalization of C$520.29 million, a P/E ratio of 8.86 and a beta of 0.75.

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

Analyst Upgrades and Downgrades

PLZ.UN has been the subject of several recent research reports. Royal Bank Of Canada boosted their target price on shares of Plaza Retail REIT from C$4.50 to C$4.75 and gave the stock a “sector perform” rating in a research report on Wednesday, March 4th. Desjardins raised their price target on shares of Plaza Retail REIT from C$4.75 to C$5.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$4.88.

Check Out Our Latest Analysis on PLZ.UN

About Plaza Retail REIT

(Get Free Report)

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.

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