Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Receives Average Recommendation of “Buy” from Brokerages

Shares of Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) have received an average rating of “Buy” from the six ratings firms that are covering the company, Marketbeat reports. Five research 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 target among brokerages that have updated their coverage on the stock in the last year is C$21.29.

A number of equities research analysts have recently commented on the company. TD Securities lifted their price objective on Flagship Communities Real Estate Investment Trust from C$20.00 to C$21.00 and gave the company a “buy” rating in a research report on Thursday, May 22nd. National Bankshares lifted their price objective on Flagship Communities Real Estate Investment Trust from C$20.00 to C$21.75 and gave the company an “outperform” rating in a research report on Thursday, May 22nd. Scotiabank lifted their price objective on Flagship Communities Real Estate Investment Trust from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research report on Thursday, May 22nd. Raymond James Financial lifted their price objective on Flagship Communities Real Estate Investment Trust from C$20.75 to C$21.50 and gave the company a “strong-buy” rating in a research report on Thursday, May 22nd. Finally, Desjardins lifted their price objective on Flagship Communities Real Estate Investment Trust from C$19.50 to C$20.50 and gave the company a “buy” rating in a research report on Friday, March 14th.

Flagship Communities Real Estate Investment Trust Stock Performance

Flagship Communities Real Estate Investment Trust stock opened at C$24.32 on Monday. The stock has a fifty day moving average of C$23.96 and a two-hundred day moving average of C$22.30. The company has a market capitalization of C$343.88 million, a price-to-earnings ratio of 5.16 and a beta of 0.28. Flagship Communities Real Estate Investment Trust has a fifty-two week low of C$18.50 and a fifty-two week high of C$25.50.

Flagship Communities Real Estate Investment Trust Company Profile

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.