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

Key Points

• Flagship Communities Real Estate Investment Trust has received a consensus rating of "Buy" from six brokerage firms, with an average 1-year price target of C$21.71.
• National Bankshares set a price target of C$23.00 for the company, while Raymond James Financial raised their price target from C$22.25 to C$22.75 with a "strong-buy" rating.
• The firm operates as an open-ended real estate investment trust focusing on manufactured housing communities in the United States, aiming to provide sustainable cash distributions to unitholders.

Shares of Flagship Communities Real Estate Investment Trust (TSE:MHC.UN - Get Free Report) have received an average rating of "Buy" from the six ratings firms that are covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a buy recommendation and one has given 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$21.71.

A number of research analysts recently issued reports on the company. National Bankshares set a C$23.00 price target on Flagship Communities Real Estate Investment Trust and gave the company an "outperform" rating in a report on Wednesday, October 8th. Raymond James Financial lifted their price target on Flagship Communities Real Estate Investment Trust from C$22.25 to C$22.75 and gave the company a "strong-buy" rating in a report on Friday, August 8th.

Flagship Communities Real Estate Investment Trust Price Performance

The firm has a market cap of C$501.44 million, a P/E ratio of 5.26 and a beta of 0.37. The firm has a fifty day simple moving average of C$25.79 and a 200-day simple moving average of C$24.80. Flagship Communities Real Estate Investment Trust has a 1-year low of C$20.01 and a 1-year high of C$27.23.

Flagship Communities Real Estate Investment Trust Company Profile

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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