Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Receives C$21.29 Average PT from Analysts

Shares of Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) have been given a consensus rating of “Buy” by the six research firms that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$21.29.

MHC.UN has been the subject of several research analyst reports. TD Securities boosted their price objective on shares of Flagship Communities Real Estate Investment Trust from C$20.00 to C$21.00 and gave the company a “buy” rating in a research report on Thursday, May 22nd. Scotiabank boosted their price objective on shares of Flagship Communities Real Estate Investment Trust from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research report on Thursday, May 22nd. National Bankshares boosted their price objective on shares of Flagship Communities Real Estate Investment Trust from C$20.00 to C$21.75 and gave the company an “outperform” rating in a research report on Thursday, May 22nd. Raymond James Financial boosted their price objective on shares of Flagship Communities Real Estate Investment Trust from C$20.75 to C$21.50 and gave the company a “strong-buy” rating in a research report on Thursday, May 22nd. Finally, Royal Bank Of Canada boosted their target price on shares of Flagship Communities Real Estate Investment Trust from C$20.00 to C$21.00 and gave the stock an “outperform” rating in a research note on Thursday, May 22nd.

Flagship Communities Real Estate Investment Trust Trading Up 2.0%

TSE MHC.UN opened at C$25.00 on Tuesday. Flagship Communities Real Estate Investment Trust has a 1-year low of C$18.75 and a 1-year high of C$26.05. The company has a 50 day moving average of C$24.83 and a 200-day moving average of C$23.16. The company has a market cap of C$353.50 million, a price-to-earnings ratio of 5.31 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.