Plaza Retail REIT (TSE:PLZ.UN) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

Plaza Retail REIT (TSE:PLZ.UN) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$4.49 and traded as high as C$4.73. Plaza Retail REIT shares last traded at C$4.70, with a volume of 20,134 shares.

Wall Street Analyst Weigh In

PLZ.UN has been the topic of several recent analyst reports. Desjardins increased their price objective 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. 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 note on Wednesday, March 4th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Plaza Retail REIT presently has an average rating of “Moderate Buy” and an average target price of C$4.88.

Plaza Retail REIT Trading Down 0.4%

The company has a 50 day moving average of C$4.49 and a 200 day moving average of C$4.35. 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 stock has a market capitalization of C$519.18 million, a price-to-earnings ratio of 8.84 and a beta of 0.75.

Plaza Retail REIT (TSE:PLZ.UN) last announced its earnings results on Wednesday, May 13th. The company reported C$0.12 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 company had revenue of C$32.51 million for the quarter.

Plaza Retail REIT Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th will be given a dividend of $0.0233 per share. The ex-dividend date is Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 5.9%. Plaza Retail REIT’s payout ratio is presently 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.