Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Reaches New 52-Week High – Here’s Why

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) shares hit a new 52-week high during trading on Wednesday . The company traded as high as C$20.05 and last traded at C$27.00, with a volume of 2386 shares trading hands. The stock had previously closed at C$26.80.

Wall Street Analysts Forecast Growth

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 report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to MarketBeat, Flagship Communities Real Estate Investment Trust presently has an average rating of “Buy” and a consensus price target of C$21.71.

Flagship Communities Real Estate Investment Trust Trading Up 0.7%

The stock has a market capitalization of C$523.85 million, a price-to-earnings ratio of 5.50 and a beta of 0.30. The company has a fifty day moving average of C$25.63 and a two-hundred day moving average of C$25.48.

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.