Primaris Real Estate Investment Trust (TSE:PMZ) Receives Consensus Recommendation of “Buy” from Brokerages

Primaris Real Estate Investment Trust (TSE:PMZ) has been assigned a consensus rating of “Buy” from the five ratings firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have given a strong buy recommendation to the company.

Several analysts have recently issued reports on the company. Royal Bank of Canada upgraded Primaris Real Estate Investment Trust to a “moderate buy” rating in a research report on Monday, December 2nd. National Bank Financial raised shares of Primaris Real Estate Investment Trust to a “hold” rating in a research report on Wednesday, October 9th.

Primaris Real Estate Investment Trust Price Performance

Primaris Real Estate Investment Trust (TSE:PMZ) last announced its quarterly earnings results on Thursday, October 31st. The company reported C($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.41 by C($0.70).

Primaris Real Estate Investment Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a yield of ∞. The ex-dividend date was Friday, November 29th.