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Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Given Average Recommendation of "Buy" by Brokerages

Flagship Communities Real Estate Investment Trust logo with Real Estate background

Key Points

  • Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) has received a consensus recommendation of "Buy" from six analysts, with five ratings as buy and one as strong buy.
  • The average 12-month price target from analysts for the stock is C$21.29, with notable upgrades from TD Securities, National Bankshares, and others.
  • As of the latest trading, the stock experienced a decline of 2.4%, closing at C$23.90, while maintaining a market cap of C$337.95 million.
  • Looking to export and analyze Flagship Communities Real Estate Investment Trust data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN - Get Free Report) has been assigned a consensus rating of "Buy" from the six analysts that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$21.29.

A number of brokerages have weighed in on MHC.UN. TD Securities boosted their price target on Flagship Communities Real Estate Investment Trust from C$20.00 to C$21.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Royal Bank Of Canada lifted their price objective on Flagship Communities Real Estate Investment Trust from C$20.00 to C$21.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Scotiabank raised their price target on Flagship Communities Real Estate Investment Trust from C$20.00 to C$22.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Raymond James Financial upped their price objective on Flagship Communities Real Estate Investment Trust from C$20.75 to C$21.50 and gave the company a "strong-buy" rating in a report on Thursday, May 22nd. Finally, National Bankshares increased their target price on Flagship Communities Real Estate Investment Trust from C$20.00 to C$21.75 and gave the company an "outperform" rating in a research report on Thursday, May 22nd.

Read Our Latest Stock Report on Flagship Communities Real Estate Investment Trust

Flagship Communities Real Estate Investment Trust Stock Performance

The firm has a market cap of C$353.50 million, a P/E ratio of 5.31 and a beta of 0.28. The stock's fifty day moving average is C$24.83 and its 200-day moving average is C$23.16. Flagship Communities Real Estate Investment Trust has a 1 year low of C$18.75 and a 1 year high of C$26.05.

Flagship Communities Real Estate Investment Trust Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Flagship Communities Real Estate Investment Trust (TSE:MHC.UN)

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