Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) PT Lowered to C$20.00 at Scotiabank

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) had its target price decreased by Scotiabank from C$21.50 to C$20.00 in a research note issued to investors on Thursday morning, BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

Several other analysts have also weighed in on MHC.UN. Desjardins decreased their price objective on Flagship Communities Real Estate Investment Trust from C$21.00 to C$19.50 and set a buy rating on the stock in a report on Thursday. Canaccord Genuity Group set a C$19.00 price objective on Flagship Communities Real Estate Investment Trust and gave the stock a buy rating in a report on Thursday. Raymond James decreased their price objective on 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 report on Thursday. Finally, National Bankshares set a C$19.75 price objective on Flagship Communities Real Estate Investment Trust and gave the stock 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. According to data from MarketBeat.com, the stock presently has a consensus rating of Buy and an average target price of C$19.58.

Flagship Communities Real Estate Investment Trust Price Performance

MHC.UN opened at C$20.52 on Thursday. The firm has a market cap of C$290.15 million and a price-to-earnings ratio of 4.89. The firm has a 50 day simple moving average of C$21.69. Flagship Communities Real Estate Investment Trust has a 12-month low of C$19.76 and a 12-month high of C$23.40.

Insider Buying and Selling

In related news, Director Louis Marie Forbes bought 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The stock was acquired 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 corporate insiders.

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.