National Bankshares Reiterates C$19.75 Price Target for Flagship Communities Real Estate Investment Trust (TSE:MHC.UN)

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) has been given a C$19.75 price objective by stock analysts at National Bankshares in a report issued on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ target price would suggest a potential downside of 5.46% from the stock’s previous close.

MHC.UN has been the subject of several other reports. Raymond James raised their price target on Flagship Communities Real Estate Investment Trust from C$20.00 to C$20.50 and gave the company an “outperform” rating in a report on Monday, January 8th. Desjardins reduced their price target 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 report on Thursday. Finally, 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 report on Thursday. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$19.58.

Flagship Communities Real Estate Investment Trust Stock Up 1.8 %

Shares of MHC.UN stock opened at C$20.89 on Thursday. The company has a 50 day moving average of C$21.67. The stock has a market cap of C$295.38 million and a P/E ratio of 4.97. Flagship Communities Real Estate Investment Trust has a twelve month low of C$19.76 and a twelve month high of C$23.40.

Insider Buying and Selling

In other news, Director Louis Marie Forbes acquired 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 currently owned by insiders.

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.