Brokerages Set Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) PT at C$19.58

Shares of Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) have received a consensus rating of “Buy” from the six analysts that are covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$19.58.

A number of research analysts recently issued reports on MHC.UN shares. National Bankshares set a C$19.75 price target on Flagship Communities Real Estate Investment Trust and gave the company an “outperform” rating in a report on Thursday, April 25th. Raymond James reduced 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 report on Thursday, April 25th. Canaccord Genuity Group set a C$19.00 target price on Flagship Communities Real Estate Investment Trust and gave the stock a “buy” rating in a report on Thursday, April 25th. Desjardins dropped their price target 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, April 25th. Finally, Scotiabank dropped their price target on Flagship Communities Real Estate Investment Trust from C$21.50 to C$20.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th.

Insider Transactions at Flagship Communities Real Estate Investment Trust

In related 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 purchased at an average cost of C$15.35 per share, for a total transaction of C$30,700.00. 0.40% of the stock is currently owned by company insiders.

Flagship Communities Real Estate Investment Trust Stock Performance

MHC.UN opened at C$21.00 on Thursday. The stock has a market capitalization of C$296.94 million and a P/E ratio of 5.00. The business has a 50-day moving average of C$21.63. Flagship Communities Real Estate Investment Trust has a 12 month low of C$19.76 and a 12 month high of C$23.40.

About Flagship Communities Real Estate Investment Trust

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.