Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Receives Average Rating of “Buy” from Analysts

Flagship Communities Real Estate Investment Trust (TSE:MHC.UNGet Free Report) has been given an average recommendation of “Buy” by the six analysts that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$19.58.

A number of research analysts have commented on MHC.UN shares. Raymond James lowered their price target 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 report on Thursday, April 25th. 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 report on Thursday, April 25th. Canaccord Genuity Group set a C$19.00 price objective on shares of Flagship Communities Real Estate Investment Trust and gave the company a “buy” rating in a research report on Thursday, April 25th. Scotiabank dropped their target price on shares of Flagship Communities Real Estate Investment Trust from C$21.50 to C$20.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Finally, Desjardins reduced their price target on shares of 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, April 25th.

Read Our Latest Stock Report on MHC.UN

Insiders Place Their Bets

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 bought at an average price of C$15.35 per share, for a total transaction of C$30,700.00. In the last quarter, insiders purchased 2,845 shares of company stock valued at $43,303. Company insiders own 0.39% of the company’s stock.

Flagship Communities Real Estate Investment Trust Stock Performance

The stock’s 50-day moving average is C$19.88 and its 200 day moving average is C$21.02. The company has a market cap of C$275.73 million and a price-to-earnings ratio of 4.62. Flagship Communities Real Estate Investment Trust has a 1 year low of C$18.00 and a 1 year high of C$23.40.

About Flagship Communities Real Estate Investment Trust

(Get Free Report

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.

Further Reading

Analyst Recommendations for Flagship Communities Real Estate Investment Trust (TSE:MHC.UN)

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