Plaza Retail REIT (PLZ.UN) to Issue Monthly Dividend of $0.02 on August 15th

Plaza Retail REIT (TSE:PLZ.UN) announced a monthly dividend on Wednesday, July 31st, TickerTech reports. Stockholders of record on Thursday, August 15th will be paid a dividend of 0.0233 per share on Thursday, August 15th. This represents a $0.28 annualized dividend and a dividend yield of 7.46%. The ex-dividend date is Wednesday, July 31st.

Plaza Retail REIT Trading Up 1.9 %

Shares of PLZ.UN stock opened at C$3.75 on Monday. The company has a market capitalization of C$413.85 million, a price-to-earnings ratio of 18.75 and a beta of 1.04. The company has a current ratio of 0.18, a quick ratio of 0.06 and a debt-to-equity ratio of 123.39. The firm has a 50-day moving average price of C$3.57 and a 200 day moving average price of C$3.58. Plaza Retail REIT has a twelve month low of C$3.40 and a twelve month high of C$4.05.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group upped their price objective on shares of Plaza Retail REIT from C$4.00 to C$4.25 and gave the company a “buy” rating in a research note on Monday, May 13th.

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.