Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Given New C$19.25 Price Target at Raymond James

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) had its price objective dropped by stock analysts at Raymond James from C$20.75 to C$19.25 in a research note issued to investors on Thursday, BayStreet.CA reports. The brokerage presently has a “strong-buy” rating on the stock. Raymond James’ price target suggests a potential downside of 6.10% from the stock’s current price.

A number of other brokerages have also weighed in on MHC.UN. Desjardins lowered their price target on shares of Flagship Communities Real Estate Investment Trust from C$21.00 to C$19.50 and set a “buy” rating for the company in a report on Thursday. Canaccord Genuity Group set a C$19.00 price target on Flagship Communities Real Estate Investment Trust and gave the stock a “buy” rating in a research report on Thursday. Finally, National Bankshares set a C$19.75 target price on Flagship Communities Real Estate Investment Trust and gave the stock an “outperform” rating in a report on Thursday. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$19.58.

Flagship Communities Real Estate Investment Trust Stock Performance

Shares of TSE MHC.UN traded down C$0.15 during mid-day trading on Thursday, hitting C$20.50. The company had a trading volume of 1,150 shares, compared to its average volume of 956. The firm’s 50-day moving average price is C$21.72. Flagship Communities Real Estate Investment Trust has a 12 month low of C$19.76 and a 12 month high of C$23.40. The company has a market cap of C$289.87 million and a price-to-earnings ratio of 4.92.

Insider Buying and Selling

In other Flagship Communities Real Estate Investment Trust news, Director Louis Marie Forbes acquired 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The stock was bought at an average price of C$15.35 per share, with a total value of C$30,700.00. 0.40% of the stock is currently owned by corporate insiders.

Flagship Communities Real Estate Investment Trust Company Profile

Flagship Communities Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT has been formed to own and operate a portfolio of income-producing manufactured housing communities located in Kentucky, Indiana, Ohio, Tennessee, Arkansas, Missouri, and Illinois, including a fleet of manufactured homes for lease to residents of such housing communities.