Plaza Retail REIT (TSE:PLZ.UN) Reaches New 52-Week High – Here’s Why

Shares of Plaza Retail REIT (TSE:PLZ.UN – Get Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as C$5.34 and last traded at C$5.30, with a volume of 105722 shares trading hands. The stock had previously closed at C$5.20.

Plaza Retail REIT Stock Performance

The firm has a market capitalization of C$585.46 million, a P/E ratio of 9.97 and a beta of 0.75. 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 business’s 50 day simple moving average is C$4.87 and its two-hundred day simple moving average is C$4.53.

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Plaza Retail REIT (TSE:PLZ.UN – Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported C$0.15 earnings per share (EPS) for the quarter. Plaza Retail REIT had a net margin of 9.40% and a return on equity of 2.07%. The business had revenue of C$32.19 million during the quarter.

Plaza Retail REIT Announces Dividend

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

About Plaza Retail REIT

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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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