Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Director Louis Marie Forbes Purchases 2,000 Shares

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN - Get Free Report) Director Louis Marie Forbes acquired 2,000 shares of the stock in a transaction that occurred on Wednesday, April 24th. The stock was purchased at an average price of C$15.35 per share, for a total transaction of C$30,700.00.

Flagship Communities Real Estate Investment Trust Trading Down 0.6 %

Shares of TSE:MHC.UN traded down C$0.13 during midday trading on Thursday, hitting C$20.52. 1,250 shares of the stock were exchanged, compared to its average volume of 958. The company has a market capitalization of C$290.15 million and a PE ratio of 4.89. Flagship Communities Real Estate Investment Trust has a twelve month low of C$19.76 and a twelve month high of C$23.40. The firm has a 50 day simple moving average of C$21.69.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Raymond James lowered 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 report on Thursday. Desjardins lowered their price objective on shares of Flagship Communities Real Estate Investment Trust from C$21.00 to C$19.50 and set a "buy" rating on the stock in a research report on Thursday. Scotiabank reduced their target price on Flagship Communities Real Estate Investment Trust from C$21.50 to C$20.00 and set an "outperform" rating for the company in a report on Thursday. Canaccord Genuity Group set a C$19.00 target price on Flagship Communities Real Estate Investment Trust and gave the company a "buy" rating in a report on Thursday. Finally, National Bankshares set a C$19.75 target price on Flagship Communities Real Estate Investment Trust and gave the company an "outperform" rating in a report on Thursday. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of C$19.58.

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.