Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Shares Down 2% - Should You Sell?

Key Points

• Shares fell 2% to C$25.82 on Friday with only 1,201 shares traded, a 66% decline from the average session volume of 3,500 and down from the prior close of C$26.35.
• The REIT has a market cap of C$500.96 million, trades at a P/E of 4.33 with a beta of 0.42, and sits slightly below its 50-day (C$26.70) and roughly in line with its 200-day (C$26.42) moving averages.
• Flagship Communities operates affordable residential manufactured home communities (MHCs) serving working families across Kentucky, Indiana, Ohio, Tennessee, Arkansas, Missouri, West Virginia, and Illinois.

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN - )'s stock price traded down 2% during trading on Friday . The stock traded as low as C$25.82 and last traded at C$25.82. 1,201 shares traded hands during trading, a decline of 66% from the average session volume of 3,500 shares. The stock had previously closed at C$26.35.

Flagship Communities Real Estate Investment Trust Price Performance

The stock has a market capitalization of C$500.96 million, a P/E ratio of 4.33 and a beta of 0.42. The firm's 50 day moving average price is C$26.70 and its 200 day moving average price is C$26.42.

Flagship Communities Real Estate Investment Trust Company Profile

Flagship Communities Real Estate Investment Trust is a leading operator of affordable residential MHCs primarily serving working families seeking affordable home ownership. The REIT owns and operates exceptional residential living experiences and investment opportunities in family-oriented communities in Kentucky, Indiana, Ohio, Tennessee, Arkansas, Missouri, West Virginia, and Illinois.

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