Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Given New C$20.50 Price Target at Desjardins

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) had its price target raised by Desjardins from C$19.50 to C$20.50 in a research note released on Friday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Flagship Communities Real Estate Investment Trust Stock Up 4.4 %

Shares of Flagship Communities Real Estate Investment Trust stock opened at C$23.74 on Friday. Flagship Communities Real Estate Investment Trust has a twelve month low of C$18.00 and a twelve month high of C$24.70. The stock has a market cap of C$335.68 million, a price-to-earnings ratio of 5.04 and a beta of 0.28. The company’s fifty day moving average is C$21.15 and its 200 day moving average is C$20.79.

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.