Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) PT Lowered to C$19.25 at Raymond James

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) had its target price cut by Raymond James from C$20.75 to C$19.25 in a report published on Thursday, BayStreet.CA reports. They currently have a strong-buy rating on the stock.

Other equities analysts have also issued reports about the stock. 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 on the stock in a research report on Thursday. Canaccord Genuity Group set a C$19.00 price target on shares of Flagship Communities Real Estate Investment Trust and gave the stock a buy rating in a research report on Thursday. Finally, National Bankshares set a C$19.75 target price on shares of 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, the company has an average rating of Buy and a consensus target price of C$19.58.

Flagship Communities Real Estate Investment Trust Stock 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 price-to-earnings ratio of 4.97. 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 stock’s 50-day simple moving average is C$21.67.

Insider Buying and Selling at Flagship Communities Real Estate Investment Trust

In other news, Director Louis Marie Forbes bought 2,000 shares of the firm’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. 0.40% of the stock is currently owned by company 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.