Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Receives C$19.58 Average PT from Analysts

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) has been given an average recommendation of “Buy” by the six analysts that are presently covering the firm, MarketBeat Ratings reports. Five equities research 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 target among brokerages that have issued ratings on the stock in the last year is C$19.58.

MHC.UN has been the topic of a number of research analyst reports. Raymond James lowered 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 report on Thursday. National Bankshares set a C$19.75 price target on Flagship Communities Real Estate Investment Trust and gave the stock an “outperform” rating in a research note on Thursday. Canaccord Genuity Group set a C$19.00 price target on shares of Flagship Communities Real Estate Investment Trust and gave the company a “buy” rating in a research report on Thursday. 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 on the stock in a report on Thursday. Finally, Desjardins reduced 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 report on Thursday.

Insider Transactions at Flagship Communities Real Estate Investment Trust

In related news, Director Louis Marie Forbes acquired 2,000 shares of the business’s stock in a transaction on Wednesday, April 24th. The stock was acquired at an average cost of C$15.35 per share, with a total value of C$30,700.00. Corporate insiders own 0.40% of the company’s stock.

Flagship Communities Real Estate Investment Trust Stock Performance

The firm has a market cap of C$295.39 million and a P/E ratio of 4.97. The company’s 50-day simple moving average is C$21.67. Flagship Communities Real Estate Investment Trust has a one year low of C$19.76 and a one year high of C$23.40.

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.