Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Receives Consensus Rating of "Buy" from Analysts

Key Points

• Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) has received a consensus rating of "Buy" from analysts, with five giving a buy rating and one providing a strong buy rating.
• The average 1-year price target set by analysts for Flagship Communities REIT is C$21.50, with several firms recently raising their target prices to between C$21.00 and C$22.75.
• The company's stock is currently trading at C$24.75, representing a decrease of 0.6%, with a market cap of C$480.20 million.

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN - Get Free Report) has been given an average rating of "Buy" by the six ratings firms that are covering the stock, Marketbeat Ratings reports. Five research 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 analysts that have covered the stock in the last year is C$21.50.

Several research firms recently commented on MHC.UN. Scotiabank raised their target price on Flagship Communities Real Estate Investment Trust from C$20.00 to C$22.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Raymond James Financial raised their target price on Flagship Communities Real Estate Investment Trust from C$22.25 to C$22.75 and gave the stock a "strong-buy" rating in a report on Friday, August 8th. TD Securities raised their target price on Flagship Communities Real Estate Investment Trust from C$20.00 to C$21.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. National Bankshares raised their target price on Flagship Communities Real Estate Investment Trust from C$20.00 to C$21.75 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Finally, Royal Bank Of Canada raised their target price on Flagship Communities Real Estate Investment Trust from C$20.00 to C$21.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd.

Flagship Communities Real Estate Investment Trust Stock Down 0.6%

Flagship Communities Real Estate Investment Trust stock opened at C$24.75 on Friday. The firm has a market cap of C$480.20 million, a price-to-earnings ratio of 5.08 and a beta of 0.37. Flagship Communities Real Estate Investment Trust has a 52 week low of C$20.01 and a 52 week high of C$26.05. The business's 50-day moving average price is C$25.01 and its 200 day moving average price is C$23.46.

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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