Raymond James Lowers Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Price Target to C$19.25

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) had its price objective decreased by equities research analysts at Raymond James from C$20.75 to C$19.25 in a research note issued to investors on Thursday, BayStreet.CA reports. The firm presently has a “strong-buy” rating on the stock. Raymond James’ price objective points to a potential downside of 7.85% from the company’s current price.

A number of other research firms have also recently issued reports on MHC.UN. National Bankshares set a C$19.75 price objective on Flagship Communities Real Estate Investment Trust and gave the company an “outperform” rating in a research report on Thursday. Canaccord Genuity Group set a C$19.00 price objective on Flagship Communities Real Estate Investment Trust and gave the company a “buy” rating in a research report on Thursday. Finally, Desjardins reduced their price objective 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. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$19.58.

Flagship Communities Real Estate Investment Trust Trading Up 1.8 %

MHC.UN opened at C$20.89 on Thursday. The firm has a market capitalization of C$295.38 million and a PE ratio of 4.97. Flagship Communities Real Estate Investment Trust has a 1 year low of C$19.76 and a 1 year high of C$23.40. The company’s fifty day moving average price is C$21.67.

Insider Buying and Selling at Flagship Communities Real Estate Investment Trust

In related news, Director Louis Marie Forbes bought 2,000 shares of the business’s stock in a transaction on Wednesday, April 24th. The shares were bought at an average cost of C$15.35 per share, for a total transaction of C$30,700.00. Corporate insiders own 0.40% of the company’s stock.

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.