Analysts Set Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) PT at C$21.71

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) has been assigned a consensus rating of “Buy” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$21.71.

Separately, National Bankshares set a C$23.00 price objective on Flagship Communities Real Estate Investment Trust and gave the stock an “outperform” rating in a research note on Wednesday, October 8th.

Flagship Communities Real Estate Investment Trust Price Performance

Shares of MHC.UN stock opened at C$24.60 on Monday. The company has a market capitalization of C$477.29 million, a P/E ratio of 5.01 and a beta of 0.30. The company’s 50-day simple moving average is C$25.61 and its two-hundred day simple moving average is C$25.33. Flagship Communities Real Estate Investment Trust has a one year low of C$20.18 and a one year high of C$27.23.

About Flagship Communities Real Estate Investment Trust

Flagship Communities REIT is an open-ended real estate investment trust. It is formed for the purpose of owning and operating a portfolio of income-producing manufactured housing communities and related assets, all of which are located in The United States. The objective of the trust is to provide unitholders with predictable, sustainable and growing cash distributions.