Brokerages Set Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Price Target at C$21.29

Shares of Flagship Communities Real Estate Investment Trust (TSE:MHC.UN - Get Free Report) have been assigned an average rating of "Buy" from the six research firms that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$21.29.

Several equities analysts have issued reports on the stock. Scotiabank upped their price objective on shares of 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. Desjardins boosted their target price on Flagship Communities Real Estate Investment Trust from C$19.50 to C$20.50 and gave the company a "buy" rating in a report on Friday, March 14th. National Bankshares raised their price target on Flagship Communities Real Estate Investment Trust from C$20.00 to C$21.75 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Royal Bank Of Canada lifted their price target on Flagship Communities Real Estate Investment Trust from C$20.00 to C$21.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Finally, Raymond James Financial increased 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.

Flagship Communities Real Estate Investment Trust Trading Down 1.5%

MHC.UN stock traded down C$0.36 during trading on Monday, hitting C$24.06. 1,869 shares of the company's stock were exchanged, compared to its average volume of 2,125. The business has a 50-day moving average price of C$23.94 and a two-hundred day moving average price of C$22.29. The stock has a market capitalization of C$340.21 million, a price-to-earnings ratio of 5.11 and a beta of 0.28. Flagship Communities Real Estate Investment Trust has a 52-week low of C$18.50 and a 52-week high of C$25.50.

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.