Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) PT Set at C$19.75 by National Bankshares

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN - Get Free Report) has been given a C$19.75 price target by analysts at National Bankshares in a research note issued to investors on Thursday, BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. National Bankshares' price objective points to a potential downside of 3.75% from the stock's current price.

MHC.UN has been the subject of several other research reports. 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 research note on Thursday. Desjardins lowered their price target on shares of Flagship Communities Real Estate Investment Trust from C$21.00 to C$19.50 and set a "buy" rating for the company in a report on Thursday. Finally, Raymond James upped their price objective on shares of Flagship Communities Real Estate Investment Trust from C$20.00 to C$20.50 and gave the company an "outperform" rating in a research note on Monday, January 8th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of C$19.58.

Flagship Communities Real Estate Investment Trust Stock Performance

Flagship Communities Real Estate Investment Trust stock traded down C$0.13 during mid-day trading on Thursday, reaching C$20.52. The company had a trading volume of 1,250 shares, compared to its average volume of 958. The company has a fifty day moving average of C$21.72. The firm has a market cap of C$290.15 million and a P/E ratio of 4.92. Flagship Communities Real Estate Investment Trust has a fifty-two week low of C$19.76 and a fifty-two week high of C$23.40.

Insider Transactions at Flagship Communities Real Estate Investment Trust

In related news, Director Louis Marie Forbes purchased 2,000 shares of the firm's stock in a transaction on Wednesday, April 24th. The stock was purchased at an average cost of C$15.35 per share, with a total value of C$30,700.00. Insiders own 0.40% of the company's stock.

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.