Louis Marie Forbes Acquires 2,000 Shares of Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Stock

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Director Louis Marie Forbes purchased 2,000 shares of the company’s stock in a transaction on Wednesday, April 24th. The stock was purchased at an average cost of C$15.35 per share, for a total transaction of C$30,700.00.

Flagship Communities Real Estate Investment Trust Price Performance

Flagship Communities Real Estate Investment Trust stock opened at C$20.89 on Friday. 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 company has a market capitalization of C$295.38 million and a PE ratio of 4.97. The stock’s 50-day simple moving average is C$21.67.

Wall Street Analyst Weigh In

Several analysts have issued reports on MHC.UN shares. Raymond James dropped their price target on 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. National Bankshares set a C$19.75 target price on Flagship Communities Real Estate Investment Trust and gave the company an “outperform” rating in a research report on Thursday. Scotiabank lowered their target price on Flagship Communities Real Estate Investment Trust from C$21.50 to C$20.00 and set an “outperform” rating on the stock in a research report on Thursday. Desjardins lowered their target price on 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. Finally, Canaccord Genuity Group set a C$19.00 target price on Flagship Communities Real Estate Investment Trust and gave the company a “buy” rating in a research report on Thursday. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Flagship Communities Real Estate Investment Trust presently has a consensus rating of “Buy” and a consensus price target of C$19.58.

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.