Shares of Flagship Communities Real Estate Investment Trust (TSE:MHC.UN - Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as C$18.75 and last traded at C$25.75, with a volume of 2002 shares changing hands. The stock had previously closed at C$25.74.
Analyst Upgrades and Downgrades
Several analysts have recently commented on MHC.UN shares. National Bankshares increased their target price on shares of Flagship Communities Real Estate Investment Trust from C$20.00 to C$21.75 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Royal Bank Of Canada increased their target price 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 report on Thursday, May 22nd. Scotiabank increased their target price on shares of 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. Raymond James Financial increased their target price on shares of Flagship Communities Real Estate Investment Trust from C$20.75 to C$21.50 and gave the company a "strong-buy" rating in a report on Thursday, May 22nd. Finally, TD Securities increased their target price on shares of Flagship Communities Real Estate Investment Trust from C$20.00 to C$21.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of C$21.29.
Get Our Latest Stock Analysis on MHC.UN
Flagship Communities Real Estate Investment Trust Price Performance
The firm's 50 day moving average is C$24.80 and its 200 day moving average is C$22.80. The company has a market capitalization of C$367.64 million, a PE ratio of 5.52 and a beta of 0.28.
Flagship Communities Real Estate Investment Trust Company Profile
(
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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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