Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Shares Down 1.8% – Here’s What Happened

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN)’s stock price fell 1.8% during mid-day trading on Friday . The company traded as low as C$27.14 and last traded at C$27.15. 16,500 shares changed hands during mid-day trading, an increase of 199% from the average session volume of 5,517 shares. The stock had previously closed at C$27.65.

Wall Street Analyst Weigh In

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

Flagship Communities Real Estate Investment Trust Stock Performance

The firm has a market capitalization of C$526.76 million, a P/E ratio of 5.53 and a beta of 0.30. The firm’s 50-day moving average is C$26.30 and its 200 day moving average is C$25.85.

About Flagship Communities Real Estate Investment Trust

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.