Primaris Real Estate Investment Trust (TSE:PMZ) Lifted 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 published on Friday, Zacks.com reports.

A number of other research firms have also recently commented on PMZ. National Bank Financial cut Primaris Real Estate Investment Trust from a strong-buy rating to a hold rating in a research report on Wednesday, July 17th. Scotiabank upgraded shares of Primaris Real Estate Investment Trust to a hold rating in a research report on Friday, June 14th. Cibc World Mkts raised shares of Primaris Real Estate Investment Trust to a strong-buy rating in a research note on Friday, August 2nd. Finally, TD Securities upgraded Primaris Real Estate Investment Trust to a strong-buy rating in a report on Thursday, September 5th. Two research analysts have rated the stock with a hold rating and three have assigned a strong buy rating to the stock. According to MarketBeat, Primaris Real Estate Investment Trust has a consensus rating of Buy.

Primaris Real Estate Investment Trust Stock Performance

Primaris Real Estate Investment Trust (TSE:PMZ) last posted its quarterly earnings results on Wednesday, July 31st. The company reported C$0.40 EPS for the quarter, meeting 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 company also recently declared a monthly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.84 annualized dividend and a dividend yield of ∞.