Plaza Retail REIT (TSE:PLZ.UN) Director Purchases C$69,806.00 in Stock

Plaza Retail REIT (TSE:PLZ.UN) Director Susan Taves acquired 18,370 shares of the stock in a transaction dated Monday, March 17th. The stock was acquired at an average price of C$3.80 per share, for a total transaction of C$69,806.00.

Susan Taves also recently made the following trade(s):

• On Wednesday, March 5th, Susan Taves bought 1,130 shares of Plaza Retail REIT stock. The stock was purchased at an average cost of C$3.62 per share, for a total transaction of C$4,090.60.

Plaza Retail REIT Trading Up 1.3 %

Shares of TSE PLZ.UN opened at C$3.76 on Wednesday. The business’s 50 day moving average is C$3.63 and its two-hundred day moving average is C$3.71. The company has a debt-to-equity ratio of 124.16, a current ratio of 0.22 and a quick ratio of 0.06. Plaza Retail REIT has a 1-year low of C$3.40 and a 1-year high of C$3.96. The stock has a market capitalization of C$414.99 million, a P/E ratio of 37.60 and a beta of 1.08.

Plaza Retail REIT Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.0233 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.28 annualized dividend and a yield of 7.44%. Plaza Retail REIT’s payout ratio is currently 280.00%.

Wall Street Analyst Weigh In

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

Plaza Retail REIT Company Profile

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.