Primaris Real Estate Investment Trust (TSE:PMZ) Plans Monthly Dividend of $0.07

Primaris Real Estate Investment Trust (TSE:PMZ) declared a monthly dividend on Monday, October 7th, Zacks reports. Shareholders of record on Thursday, October 31st will be paid a dividend of 0.07 per share on Friday, November 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date is Thursday, October 31st.

Primaris Real Estate Investment Trust Stock Performance

Primaris Real Estate Investment Trust (TSE:PMZ) last announced 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.

Wall Street Analyst Weigh In

PMZ has been the topic of a number of research reports. Cibc World Mkts raised shares of Primaris Real Estate Investment Trust to a “strong-buy” rating in a research note on Friday, August 2nd. Canaccord Genuity Group upgraded Primaris Real Estate Investment Trust to a “strong-buy” rating in a research note on Friday, September 27th. National Bank Financial lowered Primaris Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 17th. TD Securities upgraded Primaris Real Estate Investment Trust to a “strong-buy” rating in a report on Thursday, September 5th. Finally, Scotiabank upgraded Primaris Real Estate Investment Trust to a “hold” rating in a report on Friday, June 14th. Two analysts have rated the stock with a hold rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.