Insider Buying: Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Director Acquires 701 Shares of Stock

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Director Kurtis Paul Keeney bought 701 shares of Flagship Communities Real Estate Investment Trust stock in a transaction on Wednesday, March 26th. The shares were purchased at an average cost of C$24.78 per share, with a total value of C$17,372.31.

Kurtis Paul Keeney also recently made the following trade(s):

• On Thursday, March 20th, Kurtis Paul Keeney acquired 57 shares of Flagship Communities Real Estate Investment Trust stock. The stock was bought at an average cost of C$24.17 per share, with a total value of C$1,377.52.
• On Friday, March 14th, Kurtis Paul Keeney bought 300 shares of Flagship Communities Real Estate Investment Trust stock. The stock was purchased at an average price of C$23.40 per share, with a total value of C$7,020.00.

Flagship Communities Real Estate Investment Trust Trading Down 2.4 %

Shares of TSE MHC.UN traded down C$0.59 during mid-day trading on Wednesday, reaching C$24.21. The company had a trading volume of 1,150 shares, compared to its average volume of 2,384. The company has a 50-day moving average price of C$21.57 and a two-hundred day moving average price of C$20.98. The stock has a market cap of C$342.33 million, a PE ratio of 5.14 and a beta of 0.28. Flagship Communities Real Estate Investment Trust has a 1-year low of C$18.00 and a 1-year high of C$24.80.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Desjardins boosted their price objective on Flagship Communities Real Estate Investment Trust from C$19.50 to C$20.50 and gave the stock a “buy” rating in a research note on Friday, March 14th. National Bankshares boosted their price target on shares of Flagship Communities Real Estate Investment Trust from C$20.00 to C$21.00 and gave the stock an “outperform” rating in a research report on Friday, March 14th. Finally, Raymond James upped their price target on shares of Flagship Communities Real Estate Investment Trust from C$19.00 to C$20.00 and gave the company a “strong-buy” rating in a report on Friday, March 14th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Flagship Communities Real Estate Investment Trust currently has a consensus rating of “Buy” and an average target price of C$20.10.

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.