Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Stock Price Down 0.4% - Should You Sell?

Key Points

• Flagship Communities Real Estate Investment Trust experienced a 0.4% drop in share price, trading at approximately C$24.90 after a low of C$24.85 on Tuesday.
• Several research firms have issued positive updates, with target prices raised to between C$21.00 and C$22.75, and an average rating of "Buy" from analysts.
• The trust focuses on owning and operating income-producing manufactured housing communities in the U.S., aiming to provide unitholders with sustainable cash distributions.

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN - Get Free Report) shares fell 0.4% during trading on Tuesday . The company traded as low as C$24.85 and last traded at C$24.90. 3,100 shares were traded during trading, an increase of 8% from the average session volume of 2,864 shares. The stock had previously closed at C$25.00.

Analysts Set New Price Targets

A number of research firms have recently commented on MHC.UN. Scotiabank upped their target price on Flagship Communities Real Estate Investment Trust from C$20.00 to C$22.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Raymond James Financial boosted their price target on Flagship Communities Real Estate Investment Trust from C$22.25 to C$22.75 and gave the company a "strong-buy" rating in a report on Friday, August 8th. Royal Bank Of Canada boosted their price target on 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. National Bankshares boosted their price target on 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. Finally, TD Securities boosted their price target on 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. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company's stock. According to data from MarketBeat, Flagship Communities Real Estate Investment Trust has an average rating of "Buy" and a consensus price target of C$21.50.

Flagship Communities Real Estate Investment Trust Price Performance

The business has a fifty day simple moving average of C$25.01 and a two-hundred day simple moving average of C$23.49. The company has a market cap of C$480.20 million, a PE ratio of 5.08 and a beta of 0.37.

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.