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

Key Points

• Flagship Communities Real Estate Investment Trust has received a consensus recommendation of "Buy" from six brokerages, with five issuing a buy rating and one a strong buy.
• Raymond James Financial has increased its price target for the stock from C$22.25 to C$22.75, maintaining a "strong-buy" rating.
• The stock has seen a growth of 1.1% and currently trades at C$26.40, with a 52-week range between C$20.01 and C$27.23.

Shares of Flagship Communities Real Estate Investment Trust (TSE:MHC.UN - Get Free Report) have been given an average recommendation of "Buy" by the six ratings firms that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$21.50.

Separately, Raymond James Financial boosted their price objective on shares of Flagship Communities Real Estate Investment Trust from C$22.25 to C$22.75 and gave the company a "strong-buy" rating in a research report on Friday, August 8th.

Flagship Communities Real Estate Investment Trust Stock Up 1.1%

Shares of TSE:MHC.UN opened at C$26.40 on Wednesday. Flagship Communities Real Estate Investment Trust has a fifty-two week low of C$20.01 and a fifty-two week high of C$27.23. The firm has a 50-day simple moving average of C$25.41 and a 200 day simple moving average of C$24.14. The company has a market cap of C$512.21 million, a PE ratio of 5.42 and a beta of 0.38.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.