What exactly changed in the PMREF analyst rating on February 17, 2026?

RBC and BMO **maintained Outperform** and raised price targets to **C$20** and **C$21** on February 17, 2026. Scotiabank **maintained Sector Perform** and raised its target to **C$18.75** the same day.

Do the maintained ratings mean PMREF is a buy now?

Maintained Outperform ratings with higher targets signal analyst confidence but not a fresh upgrade. Investors should check yield, distribution guidance, and upcoming earnings before deciding.

How should I use the PMREF price targets in my decision making?

Use targets as a valuation range; the **C$18.75–C$21** band sets analyst expectations. Compare those targets to current market price, yield needs, and portfolio time horizon when sizing positions.

Where can I read the analyst notes and the company earnings call?

RBC and BMO target notes were summarized in market feeds, and the Q4 2025 earnings call transcript is available for detail. See the Q4 call transcript for direct management comments and analyst questions.

Analyst Ratings

PMREF Primaris REIT Feb 2026 Maintained Outperform at RBC and BMO

ByDanny Kontos February 18, 2026February 18, 2026

RBC and BMO both maintained Outperform on PMREF on February 17, 2026, while Scotiabank kept a Sector Perform view the same day. The PMREF analyst rating narrative centers on modestly higher price targets and steady sector sentiment. Each firm lifted its target: RBC to C$20, BMO to C$21, and Scotiabank to C$18.75, signaling analyst confidence in earnings stability and cash flow. These updates matter for income and total-return investors tracking Primaris Real Estate Investment Trust (PMREF).