Raymond James Analysts Reduce Earnings Estimates for Primaris Real Estate Investment Trust (TSE:PMZ)

Primaris Real Estate Investment Trust (TSE:PMZ) – Investment analysts at Raymond James dropped their FY2024 EPS estimates for shares of Primaris Real Estate Investment Trust in a report released on Thursday, September 5th. Raymond James analyst B. Sturges now forecasts that the company will post earnings of $1.62 per share for the year, down from their prior estimate of $1.65. Raymond James also issued estimates for Primaris Real Estate Investment Trust’s Q2 2025 earnings at $0.42 EPS.

Several other analysts have also recently issued reports on the stock. TD Securities upgraded shares of Primaris Real Estate Investment Trust to a “strong-buy” rating in a research note on Thursday. Cibc World Mkts raised shares of Primaris Real Estate Investment Trust to a “strong-buy” rating in a report on Friday, August 2nd. Scotiabank raised shares of Primaris Real Estate Investment Trust to a “hold” rating in a report on Friday, June 14th. Finally, National Bank Financial lowered shares of Primaris Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 17th.

Primaris Real Estate Investment Trust Price Performance

Primaris Real Estate Investment Trust (TSE:PMZ) last issued its quarterly earnings data on Wednesday, July 31st. The company reported C$0.40 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.40. The firm had revenue of C$120.01 million during the quarter.

Primaris Real Estate Investment Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.84 annualized dividend and a yield of ?.