Assessing Primaris Real Estate After Strong Q1 Results and Recent Stock Price Rebound
Trying to decide what to do with Primaris Real Estate Investment Trust stock? You’re not alone. Investors have been keeping a close eye on this REIT, especially after recent movements in the stock price. Over the past week, Primaris is up 2.1%, echoing a similar 2.0% gain over the last month. Even though it dipped slightly year-to-date, down just 0.8%, its one-year return is back in positive territory at 1.4%. The real eye-catcher, though, is the 33.8% return over the past three years. This suggests that long-term holders have been rewarded for their patience during a time of shifting sentiment in the real estate sector.
Lately, the REIT space has experienced renewed interest as some investors hunt for value in areas that may…
