Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) Shares Down 0.1% – Here’s What Happened

Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF)’s share price dropped 0.1% on Wednesday . The stock traded as low as $19.25 and last traded at $19.3732. Approximately 1,485 shares were traded during mid-day trading, a decline of 3% from the average daily volume of 1,534 shares. The stock had previously closed at $19.3922.

Analysts Set New Price Targets

Separately, Scotiabank restated an “outperform” rating and issued a $24.00 price target on shares of Flagship Communities Real Estate Investment Trust in a research note on Friday, January 16th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $24.00.

Flagship Communities Real Estate Investment Trust Stock Down 0.1%

The company has a fifty day moving average of $19.64 and a 200-day moving average of $19.14.

About Flagship Communities Real Estate Investment Trust

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.