Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF – Get Free Report) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 114 shares, a growth of 1,528.6% from the April 15th total of 7 shares. Based on an average daily trading volume, of 3,081 shares, the short-interest ratio is currently 0.0 days.
Flagship Communities Real Estate Investment Trust Stock Performance
OTCMKTS:MHCUF opened at $19.36 on Tuesday. The firm has a fifty day simple moving average of $19.35 and a two-hundred day simple moving average of $19.20. Flagship Communities Real Estate Investment Trust has a 12 month low of $16.88 and a 12 month high of $20.96.
Wall Street Analysts Forecast Growth
MHCUF has been the subject of a number of analyst reports. Scotiabank reissued an “outperform” rating and set a $24.00 target price on shares of Flagship Communities Real Estate Investment Trust in a research note on Friday, January 16th. TD Securities reissued a “buy” rating and set a $25.00 target price on shares of Flagship Communities Real Estate Investment Trust in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $24.50.
Flagship Communities Real Estate Investment Trust Company Profile
Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) is a Canada-based real estate investment trust focused on owning, operating and acquiring manufactured housing communities, single-family rental communities and recreational vehicle (RV) communities. The trust is structured to provide investors with regular distributions derived from stable, rent-based cash flows and value-enhancing community operations.
Flagship Communities REIT’s portfolio consists of income-producing residential and leisure-oriented properties.
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