Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Receives C$21.29 Average PT from Brokerages

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

A number of analysts have recently weighed in on the stock. Desjardins upped their price target on shares of Flagship Communities Real Estate Investment Trust from C$19.50 to C$20.50 and gave the stock a "buy" rating in a report on Friday, March 14th. Royal Bank Of Canada boosted their price objective on shares of Flagship Communities Real Estate Investment Trust from C$20.00 to C$21.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Scotiabank raised their target price on Flagship Communities Real Estate Investment Trust from C$20.00 to C$22.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. National Bankshares boosted 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 report on Thursday, May 22nd. Finally, TD Securities upped their price objective 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.

Flagship Communities Real Estate Investment Trust Stock Up 0.5%

Shares of Flagship Communities Real Estate Investment Trust stock traded up C$0.14 during trading on Friday, reaching C$25.74. The company's stock had a trading volume of 100 shares, compared to its average volume of 2,196. The business's 50-day moving average price is C$24.64 and its 200-day moving average price is C$22.65. Flagship Communities Real Estate Investment Trust has a 52 week low of C$18.75 and a 52 week high of C$25.74. The firm has a market cap of C$363.96 million, a PE ratio of 5.46 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.