Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Given Consensus Rating of “Buy” by Analysts

Shares of Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) have received a consensus recommendation of “Buy” from the six research firms that are covering the company, MarketBeat reports. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$19.58.

Several research firms recently issued reports on MHC.UN. Canaccord Genuity Group set a C$19.00 price target on Flagship Communities Real Estate Investment Trust and gave the company a “buy” rating in a research report on Thursday, April 25th. Desjardins reduced their price target on shares of Flagship Communities Real Estate Investment Trust from C$21.00 to C$19.50 and set a “buy” rating on the stock in a research report on Thursday, April 25th. National Bankshares set a C$19.75 price target on shares of Flagship Communities Real Estate Investment Trust and gave the company an “outperform” rating in a report on Thursday, April 25th. Raymond James dropped their price objective on shares of Flagship Communities Real Estate Investment Trust from C$20.75 to C$19.25 and set a “strong-buy” rating on the stock in a research note on Thursday, April 25th. Finally, Scotiabank decreased their target price on Flagship Communities Real Estate Investment Trust from C$21.50 to C$20.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th.

Insider Activity at Flagship Communities Real Estate Investment Trust

In other news, Director Louis Marie Forbes bought 2,000 shares of Flagship Communities Real Estate Investment Trust stock in a transaction on Wednesday, April 24th. The stock was purchased at an average cost of C$15.35 per share, with a total value of C$30,700.00. 0.39% of the stock is currently owned by insiders.

Flagship Communities Real Estate Investment Trust Trading Down 1.3 %

Shares of Flagship Communities Real Estate Investment Trust stock opened at C$20.52 on Monday. Flagship Communities Real Estate Investment Trust has a 1 year low of C$19.76 and a 1 year high of C$23.40. The firm has a 50-day moving average of C$21.52. The firm has a market cap of C$290.15 million and a price-to-earnings ratio of 4.86.

About Flagship Communities Real Estate Investment Trust

Flagship Communities Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT has been formed to own and operate a portfolio of income-producing manufactured housing communities located in Kentucky, Indiana, Ohio, Tennessee, Arkansas, Missouri, and Illinois, including a fleet of manufactured homes for lease to residents of such housing communities.