Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) PT Lowered to C$19.25 at Raymond James

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) had its target price reduced by equities research analysts at Raymond James from C$20.75 to C$19.25 in a research report issued on Thursday, BayStreet.CA reports. The firm currently has a “strong-buy” rating on the stock. Raymond James’ price target indicates a potential downside of 7.85% from the stock’s current price.

Several other brokerages also recently issued reports on MHC.UN. Canaccord Genuity Group set a C$19.00 target price on shares of Flagship Communities Real Estate Investment Trust and gave the company a “buy” rating in a research note on Thursday. Desjardins cut their target price on shares of 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 note on Thursday. Finally, National Bankshares set a C$19.75 target price on shares of Flagship Communities Real Estate Investment Trust and gave the company an “outperform” rating in a research note on Thursday. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$19.58.

Flagship Communities Real Estate Investment Trust Price Performance

Shares of TSE:MHC.UN opened at C$20.89 on Thursday. Flagship Communities Real Estate Investment Trust has a 52-week low of C$19.76 and a 52-week high of C$23.40. The firm has a market cap of C$295.38 million and a P/E ratio of 4.97. The firm has a 50-day moving average price of C$21.67.

Insider Buying and Selling at Flagship Communities Real Estate Investment Trust

In other Flagship Communities Real Estate Investment Trust news, Director Louis Marie Forbes bought 2,000 shares of the stock in a transaction dated Wednesday, April 24th. The shares were bought at an average cost of C$15.35 per share, with a total value of C$30,700.00. Insiders own 0.40% of the company’s stock.

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.