Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Price Target Lowered to C$20.00 at Scotiabank

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) had its price objective cut by research analysts at Scotiabank from C$21.50 to C$20.00 in a report issued on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s target price indicates a potential downside of 4.26% from the stock’s previous close.

A number of other research analysts have also recently issued reports on the company. Raymond James decreased their target price on Flagship Communities Real Estate Investment Trust from C$20.75 to C$19.25 and set a “strong-buy” rating for the company in a research note on Thursday. Desjardins reduced their price objective on Flagship Communities Real Estate Investment Trust from C$21.00 to C$19.50 and set a “buy” rating for the company in a research report on Thursday. National Bankshares set a C$19.75 price objective on Flagship Communities Real Estate Investment Trust and gave the stock an “outperform” rating in a research report on Thursday. Finally, Canaccord Genuity Group set a C$19.00 price objective on Flagship Communities Real Estate Investment Trust and gave the stock a “buy” rating in a research report on Thursday. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$19.58.

Flagship Communities Real Estate Investment Trust Trading Up 1.8 %

TSE:MHC.UN opened at C$20.89 on Thursday. 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 market capitalization of C$295.38 million and a PE ratio of 4.97. The firm has a 50-day simple moving average of C$21.67.

Insider Transactions at Flagship Communities Real Estate Investment Trust

In related news, Director Louis Marie Forbes purchased 2,000 shares of Flagship Communities Real Estate Investment Trust stock in a transaction that occurred 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. 0.40% of the stock is owned by insiders.

Flagship Communities Real Estate Investment Trust Company Profile

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.