Closing Bell: Primaris REIT down on Tuesday (PMZ-UN)

Primaris REIT opened trading today at $13.85 and closed at $14.02. prices ranged from $13.74 to $14.12.

Share prices dipped -0.99% from the previous day's close of $14.16.

During the day across North America, the TSX Composite closed -2.18% at 22227.63, the S&P 500 closed -3.00% at 5186.33, the Dow Jones Industrial Average closed -2.60% at 38703.27 and the Nasdaq Composite closed -3.43% at 16200.08.

Primaris REIT has listed on the Toronto Stock Exchange (TSX) under the ticker PMZ-UN.

A total of 197,574 shares was traded during the last trading day, with total trades of 1,008. On average, Primaris REIT has traded 168,617 shares over the last 5-days and 131,616 year-to-date.

The TSX market on the whole today saw 3,772 price advancers against 1,443 declines and 86 unchanged.

During the prior 52 weeks, PMZ-UN.TO has traded as high as $14.24 (September 18,2023) and low as $12.25 (October 30,2023). Moreover, the shares have advanced 5.26 percent in the last 12 months, while they have climbed 1.59% year-to-date.

It announced a 0.07 dividend on July 08/24, with an July 31/24 ex-date and August 15/24 pay day.

Following today's trading, Primaris REIT has a market capitalization of $1.36 billion on a float of 96,031 shares outstanding. Its annual EPS is $1.27.

Primaris REIT is a TSX REIT company headquartered in Toronto, CAN.

Currently, Primaris REIT's consensus rating is "Moderate Buy" based on 4 analysts according to Zacks. From those 4 analysts, 2 have buy ratings and 2 analysts gave hold ratings.

AI at The Globe and Mail
This report is produced using automated technology that summarizes market data into articles for our readers. Ongoing project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities..