Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Receives Consensus Recommendation of “Buy” from Analysts

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) has earned an average rating of “Buy” from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$19.58.

MHC.UN has been the subject of several research reports. Canaccord Genuity Group set a C$19.00 price target on Flagship Communities Real Estate Investment Trust and gave the stock a “buy” rating in a report on Thursday. Desjardins dropped their target price on Flagship Communities Real Estate Investment Trust from C$21.00 to C$19.50 and set a “buy” rating on the stock in a research report on Thursday. Raymond James cut their target price on Flagship Communities Real Estate Investment Trust from C$20.75 to C$19.25 and set a “strong-buy” rating on the stock in a research note on Thursday. Scotiabank decreased their target price on shares of Flagship Communities Real Estate Investment Trust from C$21.50 to C$20.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, National Bankshares set a C$19.75 price objective on shares of Flagship Communities Real Estate Investment Trust and gave the stock an “outperform” rating in a research report on Thursday.

Flagship Communities Real Estate Investment Trust Stock Down 0.7 %

Shares of MHC.UN stock traded down C$0.15 during trading hours on Thursday, reaching C$20.50. 1,150 shares of the company’s stock were exchanged, compared to its average volume of 956. The company has a market capitalization of C$289.87 million and a PE ratio of 4.92. Flagship Communities Real Estate Investment Trust has a fifty-two week low of C$19.76 and a fifty-two week high of C$23.40. The business’s fifty day simple moving average is C$21.72.

Insider Transactions at Flagship Communities Real Estate Investment Trust

In other news, Director Louis Marie Forbes acquired 2,000 shares of Flagship Communities Real Estate Investment Trust stock in a transaction dated Wednesday, April 24th. The stock was bought at an average cost of C$15.35 per share, with a total value of C$30,700.00. 0.40% of the stock is currently owned by corporate insiders.

Flagship Communities Real Estate Investment Trust Company Profile

Flagship Communities Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT has been formed to own and operate a portfolio of income-producing manufactured housing communities located in Kentucky, Indiana, Ohio, Tennessee, Arkansas, Missouri, and Illinois, including a fleet of manufactured homes for lease to residents of such housing communities.