Brokerages Set Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Price Target at C$20.50

Shares of Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) have earned a consensus rating of “Buy” from the six analysts that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$21.29.

MHC.UN has been the topic of several research reports. National Bankshares upped their price target on shares of Flagship Communities Real Estate Investment Trust from C$20.00 to C$21.75 and gave the company an “outperform” rating in a research note on Thursday, May 22nd. Raymond James increased their target price on shares of Flagship Communities Real Estate Investment Trust from C$20.75 to C$21.50 and gave the stock a “strong-buy” rating in a research report on Thursday, May 22nd. Scotiabank raised their target price on shares of Flagship Communities Real Estate Investment Trust from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a report on Thursday, May 22nd. TD Securities lifted their price target on shares of Flagship Communities Real Estate Investment Trust from C$20.00 to C$21.00 and gave the company a “buy” rating in a research report on Thursday, May 22nd. Finally, Desjardins increased their price target 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 report on Friday, March 14th.

Flagship Communities Real Estate Investment Trust Price Performance

Shares of TSE MHC.UN opened at C$24.75 on Thursday. The firm has a market cap of C$349.97 million, a price-to-earnings ratio of 5.25 and a beta of 0.28. The stock’s fifty day moving average price is C$23.76 and its two-hundred day moving average price is C$21.94. Flagship Communities Real Estate Investment Trust has a one year low of C$18.00 and a one year high of C$25.50.

Flagship Communities Real Estate Investment Trust Company Profile

Flagship Communities REIT is an open-ended real estate investment trust. It is formed for the purpose of owning and operating a portfolio of income-producing manufactured housing communities and related assets, all of which are located in The United States. The objective of the trust is to provide unitholders with predictable, sustainable and growing cash distributions.