Primaris Real Estate Investment Trust (TSE:PMZ) Raised to “Strong-Buy” at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Primaris Real Estate Investment Trust (TSE:PMZ) to a strong-buy rating in a report released on Friday, Zacks.com reports.

PMZ has been the topic of several other research reports. Cibc World Mkts raised Primaris Real Estate Investment Trust to a strong-buy rating in a report on Friday, August 2nd. Scotiabank raised Primaris Real Estate Investment Trust to a hold rating in a report on Friday, June 14th. TD Securities raised Primaris Real Estate Investment Trust to a strong-buy rating in a report on Thursday, September 5th. Finally, National Bank Financial lowered Primaris Real Estate Investment Trust from a strong-buy rating to a hold rating in a report on Wednesday, July 17th. Two analysts have rated the stock with a hold rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Buy.

Primaris Real Estate Investment Trust Price Performance

Primaris Real Estate Investment Trust (TSE:PMZ) last released its quarterly earnings data on Wednesday, July 31st. The company reported C$0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.40. The business had revenue of C$120.01 million during the quarter.

Primaris Real Estate Investment Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend is Friday, September 27th.