Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Stock Price Down 0.9% - Time to Sell?

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN - Get Free Report)'s share price dropped 0.9% during mid-day trading on Monday . The stock traded as low as C$24.75 and last traded at C$24.75. Approximately 1,040 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 2,113 shares. The stock had previously closed at C$24.97.

Analyst Upgrades and Downgrades

MHC.UN has been the subject of several research analyst reports. Desjardins increased their price objective on 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. Royal Bank of Canada increased 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. Raymond James increased 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. National Bankshares increased 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. Finally, Scotiabank increased 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. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of C$21.29.

Flagship Communities Real Estate Investment Trust Stock Performance

The firm has a 50-day simple moving average of C$23.85 and a two-hundred day simple moving average of C$22.03. The company has a market capitalization of C$356.75 million, a price-to-earnings ratio of 5.36 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.