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 an average rating of “Buy” from the six brokerages that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$19.58.

MHC.UN has been the subject of a number of analyst reports. Desjardins decreased 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 report on Thursday, April 25th. National Bankshares set a C$19.75 price objective on shares of Flagship Communities Real Estate Investment Trust and gave the company an “outperform” rating in a research report on Thursday, April 25th. Scotiabank cut 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, April 25th. 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, April 25th. Finally, Canaccord Genuity Group set a C$19.00 target price on shares of Flagship Communities Real Estate Investment Trust and gave the stock a “buy” rating in a research note on Thursday, April 25th.

Flagship Communities Real Estate Investment Trust Price Performance

Flagship Communities Real Estate Investment Trust has a 52 week low of C$18.00 and a 52 week high of C$23.40. The firm has a fifty day moving average price of C$19.80 and a two-hundred day moving average price of C$20.99. The company has a market capitalization of C$273.61 million and a PE ratio of 4.59.

Insiders Place Their Bets

In other Flagship Communities Real Estate Investment Trust news, Director Louis Marie Forbes acquired 2,000 shares of the company’s stock in a transaction on Wednesday, April 24th. The stock was acquired at an average price of C$15.35 per share, for a total transaction of C$30,700.00. Insiders acquired 2,845 shares of company stock worth $43,303 in the last quarter. 0.39% 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.