Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Receives Average Rating of "Buy" from Analysts

Shares of Flagship Communities Real Estate Investment Trust (TSE:MHC.UN - Get Free Report) have been assigned a consensus recommendation of "Buy" from the six brokerages that are presently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$19.58.

Several research analysts have weighed in on the stock. Raymond James dropped their price objective on shares of Flagship Communities Real Estate Investment Trust from C$20.75 to C$19.25 and set a "strong-buy" rating on the stock in a research note on Thursday. Desjardins decreased their target price on Flagship Communities Real Estate Investment Trust from C$21.00 to C$19.50 and set a "buy" rating for the company in a research report on Thursday. Canaccord Genuity Group set a C$19.00 price target on Flagship Communities Real Estate Investment Trust and gave the company a "buy" rating in a report on Thursday. National Bankshares set a C$19.75 price objective on shares of Flagship Communities Real Estate Investment Trust and gave the stock an "outperform" rating in a research note on Thursday. Finally, Scotiabank lowered their target price on shares of Flagship Communities Real Estate Investment Trust from C$21.50 to C$20.00 and set an "outperform" rating on the stock in a research note on Thursday.

Insider Activity

In other news, Director Louis Marie Forbes acquired 2,000 shares of Flagship Communities Real Estate Investment Trust stock in a transaction on Wednesday, April 24th. The stock was bought at an average price of C$15.35 per share, for a total transaction of C$30,700.00. 0.40% of the stock is owned by company insiders.

Flagship Communities Real Estate Investment Trust Trading Down 0.6 %

Shares of MHC.UN traded down C$0.13 during trading hours on Thursday, reaching C$20.52. The company's stock had a trading volume of 1,250 shares, compared to its average volume of 958. The firm has a 50 day moving average of C$21.72. The company has a market cap of C$290.15 million and a price-to-earnings ratio of 4.92. Flagship Communities Real Estate Investment Trust has a 1-year low of C$19.76 and a 1-year high of C$23.40.

About Flagship Communities Real Estate Investment Trust

Flagship Communities Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT has been formed to own and operate a portfolio of income-producing manufactured housing communities located in Kentucky, Indiana, Ohio, Tennessee, Arkansas, Missouri, and Illinois, including a fleet of manufactured homes for lease to residents of such housing communities.