Plaza Retail REIT (TSE:PLZ.UN – Get Free Report) shares hit a new 52-week low during trading on Thursday . The company traded as low as C$3.40 and last traded at C$3.41, with a volume of 160495 shares changing hands. The stock had previously closed at C$3.49.
Analyst Upgrades and Downgrades
PLZ.UN has been the subject of several research analyst reports. Royal Bank of Canada lowered their price objective on Plaza Retail REIT from C$4.25 to C$4.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 27th. Laurentian downgraded Plaza Retail REIT from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$4.50 to C$4.25 in a report on Monday, January 22nd. Finally, Canaccord Genuity Group set a C$4.00 price target on Plaza Retail REIT and gave the company a “buy” rating in a research note on Tuesday, February 27th.
Get Our Latest Report on Plaza Retail REIT
Plaza Retail REIT Trading Down 2.3 %
Plaza Retail REIT Announces Dividend
The company also recently announced a monthly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 15th were issued a $0.0233 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 8.20%. The ex-dividend date of this dividend was Wednesday, March 27th. Plaza Retail REIT’s dividend payout ratio is currently 155.56%.
Insider Activity at Plaza Retail REIT
In other Plaza Retail REIT news, Senior Officer Stephen Penney bought 11,250 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was bought at an average cost of C$3.55 per share, with a total value of C$39,937.50. 35.17% of the stock is currently owned by insiders.
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.
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