Insider Buying: Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Director Buys 2,000 Shares of Stock

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Director Louis Marie Forbes bought 2,000 shares of the company’s stock in a transaction dated Wednesday, April 24th. The shares were acquired at an average cost of C$15.35 per share, for a total transaction of C$30,700.00.

Flagship Communities Real Estate Investment Trust Price Performance

Shares of TSE MHC.UN traded up C$0.01 during midday trading on Thursday, reaching C$20.66. 500 shares of the company’s stock were exchanged, compared to its average volume of 944. Flagship Communities Real Estate Investment Trust has a 52-week low of C$19.76 and a 52-week high of C$23.40. The company has a market capitalization of C$292.13 million and a PE ratio of 4.92. The stock’s fifty day moving average price is C$21.72.

Wall Street Analysts Forecast Growth

Separately, Raymond James lifted their target price on Flagship Communities Real Estate Investment Trust from C$20.00 to C$20.50 and gave the stock an “outperform” rating in a research report on Monday, January 8th.

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.