Primaris Real Estate Investment Trust (TSE:PMZ) Upgraded by Royal Bank of Canada to Moderate Buy Rating

Royal Bank of Canada upgraded shares of Primaris Real Estate Investment Trust (TSE:PMZ) to a moderate buy rating in a research report sent to investors on Monday,Zacks.com reports.

Several other research firms also recently issued reports on PMZ. National Bank Financial upgraded Primaris Real Estate Investment Trust to a “hold” rating in a research report on Wednesday, October 9th. Canaccord Genuity Group upgraded Primaris Real Estate Investment Trust to a “strong-buy” rating in a research report on Friday, September 27th. Finally, TD Securities upgraded 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Primaris Real Estate Investment Trust Price Performance

Primaris Real Estate Investment Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a $0.07 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of ∞.