Primaris Real Estate Investment Trust (PMZ) to Issue Monthly Dividend of $0.07 on October 15th

Primaris Real Estate Investment Trust (TSE:PMZ) declared a monthly dividend on Monday, September 9th, Zacks reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.07 per share on Tuesday, October 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date is Friday, September 27th.

Primaris Real Estate Investment Trust Price Performance

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

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Cibc World Mkts raised Primaris Real Estate Investment Trust to a “strong-buy” rating in a report on Friday, August 2nd. National Bank Financial downgraded Primaris Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 17th. TD Securities raised shares of Primaris Real Estate Investment Trust to a “strong-buy” rating in a report on Thursday, September 5th. Finally, Scotiabank upgraded shares of Primaris Real Estate Investment Trust to a “hold” rating in a report on Friday, June 14th.