Plaza Retail REIT (TSE:PLZ.UN – Get Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$3.60 and traded as low as C$3.43. Plaza Retail REIT shares last traded at C$3.47, with a volume of 34,485 shares changing hands.
Analyst Ratings Changes
A number of equities analysts have issued reports on PLZ.UN shares. Royal Bank of Canada decreased their price target on Plaza Retail REIT from C$4.25 to C$4.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 27th. Canaccord Genuity Group increased their price target on 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.
Check Out Our Latest Report on Plaza Retail REIT
Plaza Retail REIT Trading Up 0.3 %
Plaza Retail REIT Dividend Announcement
The company also recently declared a monthly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 17th were paid a dividend of $0.0233 per share. This represents a $0.28 dividend on an annualized basis and a yield of 8.06%. The ex-dividend date was Friday, May 31st. Plaza Retail REIT’s payout ratio is currently 140.00%.
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.
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