Colliers Securities Stock Recommendations and Price Targets

This is a list of recent ratings by Colliers Securities.

Date	Company Name	Action	Current Price	Price Target	Rating
4/16/2026	BOWFF Boardwalk Real Estate Investment Trust	Upgrade	$50.00		Hold
4/16/2026	CWYUF SmartCentres Real Estate Investment Trust	Upgrade	$21.00		Moderate Buy
4/16/2026	FCAP First Capital	Upgrade	$54.00		Moderate Buy
4/10/2026	WSR Whitestone REIT	Set Price Target	$19.00	$19.00
4/10/2026	WSR Whitestone REIT	Downgrade	$19.00		Buy ➝ Hold
2/9/2026	MAA Mid-America Apartment Communities	Downgrade	$128.00		Moderate Buy ➝ Hold
12/4/2025	UMH UMH Properties	Upgrade	$16.00		Buy
12/4/2025	AVB AvalonBay Communities	Reiterated Rating	$174.00	$200.00 ➝ $195.00	Buy ➝ Neutral
12/4/2025	IRT Independence Realty Trust	Downgrade	$16.00		Moderate Buy ➝ Hold
12/3/2025	IRT Independence Realty Trust	Reiterated Rating	$16.00	$20.00 ➝ $18.50	Buy ➝ Neutral
12/3/2025	UMH UMH Properties	Upgrade	$16.00	$16.00 ➝ $17.00	Neutral ➝ Buy
8/7/2025	GNL Global Net Lease	Upgrade	$10.00	$12.00	Neutral ➝ Buy
7/8/2025	BHM Bluerock Homes Trust	Initiated Coverage	$11.00	$15.00	Buy
6/13/2025	SUI Sun Communities	Initiated Coverage	$130.00	$130.00	Neutral
3/13/2025	BRT BRT Apartments	Downgrade	$14.00		Buy ➝ Neutral
3/4/2025	CIGI Colliers International Group	Set Price Target	$117.00	$160.00
11/11/2024	DCBO Docebo	Boost Price Target	C$23.00	C$69.00 ➝ C$82.00
11/1/2024	NNN NNN REIT	Downgrade	$45.00		Buy ➝ Neutral
10/13/2024	AHR American Healthcare REIT	Upgrade	$50.00		Hold ➝ Moderate Buy
7/31/2024	SMRT SmartRent	Downgrade	$2.00		Buy ➝ Neutral
5/8/2024	GSY goeasy	Boost Price Target	C$33.00	C$200.00 ➝ C$220.00
1/26/2024	STRW Strawberry Fields REIT	Initiated Coverage	$13.00	$10.00	Buy
11/28/2023	MAA Mid-America Apartment Communities	Upgrade	$128.00	$144.00	Neutral ➝ Buy
9/14/2023	AVB AvalonBay Communities	Upgrade	$174.00	$202.00	Neutral ➝ Buy
5/2/2023	CSR Centerspace	Upgrade	$65.00	$70.00	Neutral ➝ Buy