Insider Buying: Plaza Retail REIT (TSE:PLZ.UN) Director Acquires 18,370 Shares of Stock

Plaza Retail REIT (TSE:PLZ.UN) Director Susan Taves acquired 18,370 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was purchased 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 acquired 1,130 shares of Plaza Retail REIT stock. The stock was purchased at an average price of C$3.62 per share, for a total transaction of C$4,090.60.

Plaza Retail REIT Price Performance

Shares of TSE PLZ.UN opened at C$3.76 on Thursday. The firm 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 has a one year low of C$3.40 and a one year high of C$3.96. The company’s fifty 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 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. Shareholders of record on Tuesday, February 18th were given 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 dividend 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 price objective on shares of Plaza Retail REIT and gave the company a “buy” rating in a research 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.