Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Sets New 1-Year High – Should You Buy?

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$20.05 and last traded at C$27.00, with a volume of 2386 shares changing hands. The stock had previously closed at C$26.80.

Wall Street Analyst Weigh In

Separately, National Bankshares set a C$23.00 price objective on Flagship Communities Real Estate Investment Trust and gave the stock an “outperform” rating in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$21.71.

Flagship Communities Real Estate Investment Trust Price Performance

The company has a market capitalization of C$537.44 million, a P/E ratio of 5.64 and a beta of 0.30. The company has a 50 day moving average of C$25.71 and a 200-day moving average of C$25.51.

Flagship Communities Real Estate Investment Trust Company Profile

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.