Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) Shares Up 1.6% – Should You Buy?

Shares of Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) shot up 1.6% during trading on Thursday . The company traded as high as $20.06 and last traded at $20.06. 1,120 shares traded hands during mid-day trading, an increase of 71% from the average session volume of 655 shares. The stock had previously closed at $19.7460.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. TD Securities reissued a “buy” rating on shares of Flagship Communities Real Estate Investment Trust in a research report on Friday, November 14th. Scotiabank reiterated an “outperform” rating and issued a $24.00 target price on shares of Flagship Communities Real Estate Investment Trust in a research note on Friday, January 16th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $24.00.

Flagship Communities Real Estate Investment Trust Price Performance

The company’s 50-day moving average price is $18.91 and its two-hundred day moving average price is $18.64.

Flagship Communities Real Estate Investment Trust Company Profile

Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) is a Canada-based real estate investment trust focused on owning, operating and acquiring manufactured housing communities, single-family rental communities and recreational vehicle (RV) communities. The trust is structured to provide investors with regular distributions derived from stable, rent-based cash flows and value-enhancing community operations.

Flagship Communities REIT’s portfolio consists of income-producing residential and leisure-oriented properties.