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

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

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

Flagship Communities Real Estate Investment Trust Trading Up 1.0%

Shares of MHC.UN traded up C$0.26 during midday trading on Friday, reaching C$26.00. 2,602 shares of the stock were exchanged, compared to its average volume of 2,200. Flagship Communities Real Estate Investment Trust has a 52 week low of C$18.75 and a 52 week high of C$26.00. The company's 50 day moving average is C$24.64 and its two-hundred day moving average is C$22.68. The company has a market capitalization of C$367.64 million, a P/E ratio of 5.52 and a beta of 0.28.

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.