Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) Shares Up 5.7% – Here’s Why

Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) was up 5.7% on Monday . The company traded as high as $20.96 and last traded at $20.96. Approximately 2,000 shares traded hands during mid-day trading, an increase of 134% from the average daily volume of 855 shares. The stock had previously closed at $19.8313.

Wall Street Analyst Weigh In

Several brokerages have commented on MHCUF. TD Securities reaffirmed a “buy” rating on shares of Flagship Communities Real Estate Investment Trust in a report on Friday, November 14th. Scotiabank reaffirmed an “outperform” rating and issued a $24.00 price objective 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, Flagship Communities Real Estate Investment Trust currently has a consensus rating of “Buy” and a consensus target price of $24.00.

Flagship Communities Real Estate Investment Trust Trading Up 5.7%

The business has a 50-day moving average price of $19.79 and a two-hundred day moving average price of $18.93.

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.