Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) PT Lowered to C$19.50

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) had its price target dropped by equities research analysts at Desjardins from C$21.00 to C$19.50 in a note issued to investors on Thursday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ target price points to a potential downside of 6.65% from the stock’s current price.

Separately, Raymond James raised 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 equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Flagship Communities Real Estate Investment Trust currently has a consensus rating of “Buy” and a consensus target price of C$19.58.

Flagship Communities Real Estate Investment Trust Trading Up 1.8 %

TSE MHC.UN opened at C$20.89 on Thursday. The company has a 50 day simple moving average of C$21.67. Flagship Communities Real Estate Investment Trust has a one year low of C$19.76 and a one year high of C$23.40. The stock has a market capitalization of C$295.38 million and a price-to-earnings ratio of 4.97.

Insider Buying and Selling

In other news, Director Louis Marie Forbes purchased 2,000 shares of the firm’s stock in a transaction that occurred 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 insiders.

Flagship Communities Real Estate Investment Trust Company Profile

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.