Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Given New C$25.25 Price Target at Raymond James Financial

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) had its price target raised by stock analysts at Raymond James Financial from C$25.00 to C$25.25 in a research report issued to clients and investors on Wednesday, BayStreet reports. The firm presently has a “strong-buy” rating on the stock. Raymond James Financial’s price target indicates a potential downside of 13.82% from the company’s previous close.

Flagship Communities Real Estate Investment Trust Trading Down 0.7%

TSE:MHC.UN traded down C$0.20 on Wednesday, hitting C$29.30. 200 shares of the company’s stock traded hands, compared to its average volume of 2,682. The company has a market cap of C$568.48 million, a PE ratio of 5.89 and a beta of 0.36. Flagship Communities Real Estate Investment Trust has a 1 year low of C$24.58 and a 1 year high of C$32.50. The firm has a 50-day moving average price of C$29.90 and a 200-day moving average price of C$28.52.

About Flagship Communities Real Estate Investment Trust

Flagship Communities Real Estate Investment Trust is a leading operator of affordable residential MHCs primarily serving working families seeking affordable home ownership. The REIT owns and operates exceptional residential living experiences and investment opportunities in family-oriented communities in Kentucky, Indiana, Ohio, Tennessee, Arkansas, Missouri, West Virginia, and Illinois.