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

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

PMZ has been the subject of several other reports. National Bank Financial lowered shares of Primaris Real Estate Investment Trust from a strong-buy rating to a hold rating in a research note on Wednesday, July 17th. Cibc World Mkts raised shares of Primaris Real Estate Investment Trust to a strong-buy rating in a research note on Friday, August 2nd. Scotiabank upgraded shares of Primaris Real Estate Investment Trust to a hold rating in a report on Friday, June 14th. Finally, TD Securities upgraded shares of Primaris Real Estate Investment Trust to a strong-buy rating in a research note on Thursday, September 5th. Two analysts have rated the stock with a hold rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average 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 for the quarter, hitting analysts’ consensus estimates of C$0.40. The business had revenue of C$120.01 million during the quarter.

Primaris Real Estate Investment Trust Dividend Announcement

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 given a $0.07 dividend. This represents a $0.84 annualized dividend and a dividend yield of ∞. The ex-dividend date of this dividend is Friday, September 27th.