Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) PT Lowered to C$20.00

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) had its price target decreased by investment analysts at Scotiabank from C$21.50 to C$20.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s target price points to a potential downside of 4.26% from the company’s current price.

MHC.UN has been the subject of a number of other reports. Canaccord Genuity Group set a C$19.00 price objective on shares of Flagship Communities Real Estate Investment Trust and gave the stock a “buy” rating in a research note on Thursday. 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 note on Thursday. Desjardins reduced their price objective on shares of Flagship Communities Real Estate Investment Trust from C$21.00 to C$19.50 and set a “buy” rating for the company in a research note on Thursday. Finally, Raymond James cut their target price on shares of Flagship Communities Real Estate Investment Trust from C$20.75 to C$19.25 and set a “strong-buy” rating for the company in a research note on Thursday. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$19.58.

Flagship Communities Real Estate Investment Trust Trading Up 1.8 %

Shares of MHC.UN opened at C$20.89 on Thursday. The business has a 50-day simple moving average of C$21.67. The stock has a market capitalization of C$295.38 million and a PE ratio of 4.97. 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.

Insider Buying and Selling at Flagship Communities Real Estate Investment Trust

In other news, Director Louis Marie Forbes acquired 2,000 shares of the business’s stock in a transaction dated Wednesday, April 24th. The shares were purchased at an average price of C$15.35 per share, with a total value of C$30,700.00. Insiders own 0.40% of the company’s stock.

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.