Should I buy or sell Primaris Retail REIT stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Primaris Retail REIT in the last twelve months. There are currently 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PMZ.UN shares. View PMZ.UN analyst ratings or view top-rated stocks .

What is Primaris Retail REIT's stock price target for 2024?

7 equities research analysts have issued twelve-month price objectives for Primaris Retail REIT's shares. Their PMZ.UN share price targets range from C$16.00 to C$18.00. On average, they expect the company's share price to reach C$17.04 in the next twelve months. This suggests a possible upside of 28.5% from the stock's current price. View analysts price targets for PMZ.UN or view top-rated stocks among Wall Street analysts .

Is Primaris Retail REIT a good dividend stock?

Primaris Retail REIT (TSE:PMZ.UN) pays an annual dividend of C$0.84 per share and currently has a dividend yield of 6.19%. PMZ.UN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 79.25%. Payout ratios above 75% are not desirable because they may not be sustainable.

TSE:PMZ.UN

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

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Notice: This company has been marked as potentially delisted and may not be actively trading.

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Today's Range: C$12.82
▼
C$13.28
50-Day Range: N/A
52-Week Range: C$12.11
▼
C$14.24

Volume: 185,747 shs
Average Volume: N/A
Market Capitalization: C$1.28 billion

P/E Ratio: 12.51
Dividend Yield: 6.33%
Price Target: C$17.04

Stock Analysis Analyst Forecasts Competitors Headlines

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About Primaris Retail REIT Stock (TSE:PMZ.UN)

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.

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PMZ.UN Stock News Headlines

January 7, 2024 | theglobeandmail.com

Closing Bell: Primaris REIT up on Thursday (PMZ-UN)

December 7, 2023 | finance.yahoo.com

Primaris REIT Announces Distribution for December 2023

April 17, 2024 | InvestorPlace (Ad)

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November 30, 2023 | finance.yahoo.com

Primaris REIT Closes the Acquisition of Atlantic Canada’s Premiere Shopping Centre Complex

November 20, 2023 | finance.yahoo.com

Primaris REIT Announces Successful $400 Million Unsecured Debenture Offering

November 7, 2023 | finance.yahoo.com

Primaris REIT Announces Distribution for November 2023

November 6, 2023 | markets.businessinsider.com

Primaris Real Estate Investment Trust (PMZ.UN) Receives a Hold from Scotiabank

October 5, 2023 | finance.yahoo.com

Primaris REIT Reschedules Financial Results Webcast, and Conference Call

April 17, 2024 | InvestorPlace (Ad)

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September 7, 2023 | finance.yahoo.com

Primaris REIT Announces Distribution for September 2023

August 8, 2023 | msn.com

6.2% Yielding Primaris REIT Is A Buy On Any Weakness

July 18, 2023 | msn.com

These Canadian REITs Are Redefining the Real Estate Market

May 8, 2023 | finance.yahoo.com

Primaris REIT Announces Distribution for May 2023

April 10, 2023 | uk.news.yahoo.com

Primaris REIT Announces Distribution for April 2023

March 30, 2023 | baystreet.ca

Here’s Another Dirt-Cheap REIT to Buy Today

March 27, 2023 | finance.yahoo.com

Primaris REIT Announces Successful $250 Million Unsecured Debenture Offering

March 8, 2023 | marketwatch.com

Primaris REIT Launches Buyback for 10% of Public Float

March 7, 2023 | finance.yahoo.com

Primaris REIT Announces Distribution for March 2023

March 4, 2023 | seekingalpha.com

Primaris REIT Offers A 5%+ Yield Using A 50% Payout Ratio

February 7, 2023 | uk.news.yahoo.com

Primaris REIT Announces Distribution for February 2023

December 12, 2022 | ca.finance.yahoo.com

Spinoff Success: 2 REITs That Are Actually Beating the Market

December 7, 2022 | ca.finance.yahoo.com

Primaris REIT Announces Distribution for December 2022

November 8, 2022 | businesswire.com

Primaris REIT Announces Distribution for November 2022

October 7, 2022 | ca.finance.yahoo.com

Primaris REIT Announces Distribution for October 2022

October 1, 2022 | seekingalpha.com

Primaris: A 6.3% Dividend Yield And A Low Payout Ratio

September 26, 2022 | benzinga.com

Best REITs to Buy

September 22, 2022 | investing.com

Kenedix Retail Reit Corp (3453)

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Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target: C$17.04
High Stock Price Target: C$18.00
Low Stock Price Target: C$16.00
Potential Upside/Downside: +28.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$1.06
Trailing P/E Ratio: 12.51
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: C$102.27 million
Net Margins: 24.89%
Pretax Margin: N/A
Return on Equity: 4.88%
Return on Assets: 3.56%

Debt

Debt-to-Equity Ratio: 79.61
Current Ratio: 1.06
Quick Ratio: 0.05

Sales & Book Value

Annual Sales: C$410.97 million
Price / Sales: 3.11
Cash Flow: C$0.22 per share
Price / Cash Flow: 59.77
Book Value: C$21.78 per share
Price / Book: 0.61

Miscellaneous

Outstanding Shares: 96,450,000
Free Float: N/A
Market Cap: C$1.28 billion
Optionable: Not Optionable
Beta: 1.16

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Key Competitors

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PMZ.UN Stock Analysis - Frequently Asked Questions

Should I buy or sell Primaris Retail REIT stock right now?: 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Primaris Retail REIT in the last twelve months. There are currently 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PMZ.UN shares.
View PMZ.UN analyst ratings or view top-rated stocks.
What is Primaris Retail REIT's stock price target for 2024?: 7 equities research analysts have issued twelve-month price objectives for Primaris Retail REIT's shares. Their PMZ.UN share price targets range from C$16.00 to C$18.00. On average, they expect the company's share price to reach C$17.04 in the next twelve months. This suggests a possible upside of 28.5% from the stock's current price.
View analysts price targets for PMZ.UN or view top-rated stocks among Wall Street analysts.
Is Primaris Retail REIT a good dividend stock?: Primaris Retail REIT (TSE:PMZ.UN) pays an annual dividend of C$0.84 per share and currently has a dividend yield of 6.19%. PMZ.UN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 79.25%. Payout ratios above 75% are not desirable because they may not be sustainable.

This page (TSE:PMZ.UN) was last updated on 4/17/2024 by MarketBeat.com Staff

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

About Primaris Retail REIT Stock (TSE:PMZ.UN)

PMZ.UN Stock News Headlines

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Competitors

PMZ.UN Stock Analysis - Frequently Asked Questions

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