Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Given Consensus Rating of “Buy” by Brokerages

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) has received a consensus recommendation of “Buy” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$21.29.

A number of equities research analysts recently commented on the company. TD Securities lifted their target price on Flagship Communities Real Estate Investment Trust from C$20.00 to C$21.00 and gave the stock a “buy” rating in a report on Thursday, May 22nd. National Bankshares boosted their price target on Flagship Communities Real Estate Investment Trust from C$20.00 to C$21.75 and gave the company an “outperform” rating in a report on Thursday, May 22nd. Raymond James boosted their price target on Flagship Communities Real Estate Investment Trust from C$20.75 to C$21.50 and gave the company a “strong-buy” rating in a report on Thursday, May 22nd. Royal Bank of Canada boosted their price target on Flagship Communities Real Estate Investment Trust from C$20.00 to C$21.00 and gave the company an “outperform” rating in a report on Thursday, May 22nd. Finally, Scotiabank boosted their price target on Flagship Communities Real Estate Investment Trust from C$20.00 to C$22.00 and gave the company an “outperform” rating in a report on Thursday, May 22nd.

Flagship Communities Real Estate Investment Trust Price Performance

MHC.UN opened at C$24.30 on Monday. The business’s 50-day moving average is C$23.86 and its two-hundred day moving average is C$22.23. Flagship Communities Real Estate Investment Trust has a 1 year low of C$18.00 and a 1 year high of C$25.50. The firm has a market capitalization of C$343.60 million, a PE ratio of 5.16 and a beta of 0.28.

About Flagship Communities Real Estate Investment Trust

Flagship Communities REIT is an open-ended real estate investment trust. It is formed for the purpose of owning and operating a portfolio of income-producing manufactured housing communities and related assets, all of which are located in The United States. The objective of the trust is to provide unitholders with predictable, sustainable and growing cash distributions.