Primaris Retail REIT (PMZ.UN) Stock Price, News & Analysis

Company Overview

Primaris properties including all of H&R REIT's enclosed malls comprises real estate properties. The assets are located in Canada. Primaris properties including all of H&R REIT's enclosed malls(TSX:PMZ.UN) operates independently of H&R Real Estate Investment Trust as of December 31, 2021.

Key Stats

• Today's Range: C$15.41 to C$15.59
• 50-Day Range: N/A
• 52-Week Range: C$12.11 to C$14.24
• Volume: 87,272 shs
• Average Volume: N/A
• Market Capitalization: C$1.49 billion
• P/E Ratio: 13.22
• Dividend Yield: 5.43%
• Price Target: C$18.16
• Consensus Rating: Moderate Buy

Primaris Retail REIT Stock Analysis - MarketRank™

Primaris Retail REIT scored higher than 54% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.6 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Primaris Retail REIT has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.

Upside Potential

Primaris Retail REIT has a consensus price target of C$18.16, representing about 16.9% upside from its current price of C$15.53.

Amount of Analyst Coverage

Primaris Retail REIT has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Primaris Retail REIT is 13.27, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 280.64.

Price to Earnings Ratio vs. Sector

The P/E ratio of Primaris Retail REIT is 13.27, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 259.04.

Price to Book Value per Share Ratio

Primaris Retail REIT has a P/B Ratio of 0.70. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for PMZ.UN.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Primaris Retail REIT is a leading dividend payer. It pays a dividend yield of 6.25%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Primaris Retail REIT does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Primaris Retail REIT is 71.79%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for PMZ.UN.

News and Social Media

• Score: 0.0 / 5
• News Sentiment: N/A

News Coverage This Week

MarketBeat has tracked 1 news article for Primaris Retail REIT this week, compared to 0 articles on an average week.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Primaris Retail REIT insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.66% of the stock of Primaris Retail REIT is held by insiders.

Percentage Held by Institutions

55.20% of the stock of Primaris Retail REIT is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Real Estate
• Industry: REIT - Retail
• Sub-Industry: N/A
• Current Symbol: TSE:PMZ.UN
• CIK: N/A
• Web: N/A
• Phone: +1-416-6427800
• Fax: N/A
• Employees: 314
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Primaris Retail REIT: C$18.16
• High Price Target: C$19.50
• Low Price Target: C$17.00
• Potential Upside/Downside: +16.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.83
• Research Coverage: 6 Analysts

Profitability

• EPS (Trailing Twelve Months): C$1.17
• Trailing P/E Ratio: 13.27
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: C$112.57 million
• Net Margins: 25.95%
• Pretax Margin: N/A
• Return on Equity: 5.33%
• Return on Assets: 3.69%

Debt

• Debt-to-Equity Ratio: 80.67
• Current Ratio: 0.73
• Quick Ratio: 0.05

Sales & Book Value

• Annual Sales: C$433.82 million
• Price / Sales: 3.45
• Cash Flow: C$0.26 per share
• Price / Cash Flow: 59.77
• Book Value: C$22.08 per share
• Price / Book: 0.70

Miscellaneous

• Outstanding Shares: 96,330,000
• Free Float: N/A
• Market Cap: C$1.50 billion
• Optionable: Not Optionable
• Beta: 1.18