Shares of Primaris Real Estate Investment Trust (OTCMKTS:PMREF – Get Free Report) were down 2.2% on Friday . The stock traded as low as C$9.82 and last traded at C$9.88. Approximately 920 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 1,522 shares. The stock had previously closed at C$10.10.
Primaris Real Estate Investment Trust Stock Performance
The firm’s 50-day moving average is C$10.15 and its 200 day moving average is C$9.97.
Primaris Real Estate Investment Trust Company Profile
Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests primarily in leading enclosed shopping centres located in growing mid-sized markets. The current portfolio totals 12.5 million square feet valued at approximately $3.8 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform.
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