Flagship Communities Real Estate Investment Trust (TSE:MHC.UN - Get Free Report) shares were down 2% on Friday . The stock traded as low as C$24.39 and last traded at C$24.50. Approximately 1,353 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 2,493 shares. The stock had previously closed at C$25.00.
Analyst Ratings Changes
A number of analysts recently issued reports on MHC.UN shares. 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 report on Thursday, May 22nd. National Bankshares raised their price target on shares of 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. Raymond James Financial upped their price target 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. Scotiabank lifted their price objective 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. Finally, TD Securities raised 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. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Flagship Communities Real Estate Investment Trust has a consensus rating of "Buy" and a consensus price target of C$21.29.
View Our Latest Analysis on Flagship Communities Real Estate Investment Trust
Flagship Communities Real Estate Investment Trust Trading Up 2.5%
The firm has a fifty day moving average of C$24.85 and a 200 day moving average of C$23.14. The company has a market capitalization of C$346.43 million, a P/E ratio of 5.20 and a beta of 0.28.
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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