Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Trading Down 1% - What's Next?

Key Points

• Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) saw a 1% decline in trading, closing at C$25.91 after hitting a low of C$25.70 with a significant drop in trading volume.
• Analysts have given the stock an average rating of "Buy", with National Bankshares setting a target price of C$23.00 and Raymond James Financial increasing theirs to C$22.75.
• Flagship Communities REIT, which focuses on income-producing manufactured housing communities in the U.S., has a market capitalization of approximately C$502.71 million and a P/E ratio of 5.32.

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN - Get Free Report) traded down 1% during trading on Wednesday . The stock traded as low as C$25.70 and last traded at C$25.91. 2,540 shares were traded during mid-day trading, a decline of 11% from the average session volume of 2,845 shares. The stock had previously closed at C$26.18.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. National Bankshares set a C$23.00 target price on Flagship Communities Real Estate Investment Trust and gave the company an "outperform" rating in a research note on Wednesday, October 8th. Raymond James Financial lifted their target price 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 research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. Based on data from MarketBeat, Flagship Communities Real Estate Investment Trust has an average rating of "Buy" and a consensus target price of C$21.71.

Flagship Communities Real Estate Investment Trust Stock Performance

The firm has a market capitalization of C$502.71 million, a P/E ratio of 5.32 and a beta of 0.37. The company has a 50-day moving average price of C$25.77 and a 200-day moving average price of C$24.74.

About Flagship Communities Real Estate Investment Trust

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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