National Bank Financial Comments on Primaris Real Estate Investment Trust’s FY2024 Earnings (TSE:PMZ)

Primaris Real Estate Investment Trust (TSE:PMZ) – Analysts at National Bank Financial issued their FY2024 earnings per share (EPS) estimates for Primaris Real Estate Investment Trust in a report issued on Wednesday, October 9th. National Bank Financial analyst M. Kornack expects that the company will post earnings per share of $1.68 for the year. National Bank Financial has a “Hold” rating on the stock. National Bank Financial also issued estimates for Primaris Real Estate Investment Trust’s FY2025 earnings at $1.76 EPS.

A number of other research analysts have also issued reports on the company. Cibc World Mkts upgraded Primaris Real Estate Investment Trust to a “strong-buy” rating in a report on Friday, August 2nd. Canaccord Genuity Group upgraded Primaris Real Estate Investment Trust to a “strong-buy” rating in a report on Friday, September 27th. Finally, TD Securities raised Primaris Real Estate Investment Trust to a “strong-buy” rating in a research report on Thursday, September 5th. Two investment analysts have rated the stock with a hold rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently 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 results on Wednesday, July 31st. The company reported C$0.40 EPS for the quarter, hitting the consensus estimate of C$0.40. The firm had revenue of C$120.01 million for the quarter.

Primaris Real Estate Investment Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a $0.07 dividend. The ex-dividend date is Thursday, October 31st. This represents a $0.84 dividend on an annualized basis and a yield of ∞.