Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Receives C$21.50 Average Price Target from Brokerages

Shares of Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) have earned an average recommendation of “Buy” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$21.50.

Separately, Raymond James Financial raised their target price on Flagship Communities Real Estate Investment Trust from C$22.25 to C$22.75 and gave the company a “strong-buy” rating in a research note on Friday, August 8th.

Flagship Communities Real Estate Investment Trust Price Performance

MHC.UN stock opened at C$25.90 on Wednesday. The firm has a fifty day moving average price of C$25.42 and a two-hundred day moving average price of C$24.25. Flagship Communities Real Estate Investment Trust has a 1-year low of C$20.01 and a 1-year high of C$27.23. The firm has a market cap of C$502.51 million, a price-to-earnings ratio of 5.32 and a beta of 0.38.

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.