Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) PT Set at C$19.00 by Canaccord Genuity Group

Canaccord Genuity Group set a C$19.00 target price on Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) in a report published on Thursday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other equities analysts have also recently issued research reports about the company. Desjardins dropped their price target on Flagship Communities Real Estate Investment Trust from C$21.00 to C$19.50 and set a buy rating on the stock in a research note on Thursday. Raymond James lifted their target price on Flagship Communities Real Estate Investment Trust from C$20.00 to C$20.50 and gave the company an outperform rating in a research note on Monday, January 8th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Flagship Communities Real Estate Investment Trust has a consensus rating of Buy and an average price target of C$19.58.

Flagship Communities Real Estate Investment Trust Price Performance

Shares of MHC.UN opened at C$20.89 on Thursday. The business has a 50-day moving average of C$21.67. The stock has a market cap of C$295.38 million and a PE ratio of 4.97. Flagship Communities Real Estate Investment Trust has a 1-year low of C$19.76 and a 1-year high of C$23.40.

Insider Buying and Selling at Flagship Communities Real Estate Investment Trust

In other news, Director Louis Marie Forbes purchased 2,000 shares of Flagship Communities Real Estate Investment Trust stock in a transaction dated Wednesday, April 24th. The stock was acquired at an average cost of C$15.35 per share, for a total transaction of C$30,700.00. Company insiders own 0.40% of the company’s stock.

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.