Plaza Retail REIT (TSE:PLZ.UN) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Plaza Retail REIT (TSE:PLZ.UN) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$3.71 and traded as low as C$3.71. Plaza Retail REIT shares last traded at C$3.73, with a volume of 56,724 shares traded.

Analysts Set New Price Targets

Separately, Desjardins set a C$4.25 price target on shares of Plaza Retail REIT and gave the company a “buy” rating in a report on Thursday, January 30th.

Plaza Retail REIT Trading Down 3.2 %

The stock has a fifty day moving average of C$3.68 and a 200-day moving average of C$3.71. The company has a market cap of C$398.44 million, a PE ratio of 36.10 and a beta of 1.08. The company has a debt-to-equity ratio of 124.16, a quick ratio of 0.06 and a current ratio of 0.22.

Plaza Retail REIT Announces Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.0233 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 7.75%. The ex-dividend date of this dividend was Friday, January 31st. Plaza Retail REIT’s dividend payout ratio is currently 280.00%.

Insider Activity at Plaza Retail REIT

In other news, Director Susan Taves bought 18,370 shares of the stock in a transaction on Monday, March 17th. The stock was acquired at an average cost of C$3.80 per share, for a total transaction of C$69,806.00. 35.43% of the stock is currently owned by company insiders.

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.