Flagship Communities Real Estate Investment Trust (TSE:MHC.UN - Get Free Report)'s share price was down 0.9% during trading on Monday . The company traded as low as C$24.75 and last traded at C$24.75. Approximately 1,040 shares changed hands during trading, a decline of 51% from the average daily volume of 2,113 shares. The stock had previously closed at C$24.97.
Analyst Ratings Changes
Several equities research analysts have issued reports on the stock. Desjardins raised 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 research note on Friday, March 14th. Scotiabank raised their price target on shares of 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. Royal Bank of Canada increased their price objective on shares of 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. Raymond James increased their price objective on shares of Flagship Communities Real Estate Investment Trust from C$20.75 to C$21.50 and gave the stock a "strong-buy" rating in a report on Thursday, May 22nd. Finally, National Bankshares increased their price objective on shares of 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. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of C$21.29.
Read Our Latest Stock Analysis on Flagship Communities Real Estate Investment Trust
Flagship Communities Real Estate Investment Trust Stock Down 0.2%
The company has a market capitalization of C$354.91 million, a PE ratio of 5.33 and a beta of 0.28. The business's 50 day simple moving average is C$23.81 and its 200 day simple moving average is C$21.99.
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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