Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Given New C$20.00 Price Target at Scotiabank

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) had its target price cut by Scotiabank from C$21.50 to C$20.00 in a research note issued to investors on Thursday, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research analysts also recently commented on the stock. Desjardins dropped their price objective 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 research note on Thursday. National Bankshares set a C$19.75 price objective on shares of Flagship Communities Real Estate Investment Trust and gave the company an outperform rating in a research note on Thursday. Canaccord Genuity Group set a C$19.00 price objective on shares of Flagship Communities Real Estate Investment Trust and gave the company a buy rating in a research note on Thursday. Finally, Raymond James dropped their price objective on shares of Flagship Communities Real Estate Investment Trust from C$20.75 to C$19.25 and set a strong-buy rating for the company in a research note on Thursday. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of Buy and a consensus price target of C$19.58.

Flagship Communities Real Estate Investment Trust Stock Down 0.6 %

Shares of MHC.UN stock opened at C$20.52 on Thursday. The company has a 50-day moving average price of C$21.69. Flagship Communities Real Estate Investment Trust has a twelve month low of C$19.76 and a twelve month high of C$23.40. The firm has a market cap of C$290.15 million and a P/E ratio of 4.89.

Insider Transactions at Flagship Communities Real Estate Investment Trust

In other news, Director Louis Marie Forbes bought 2,000 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The stock was acquired at an average price 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.