Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) Shares Up 5.7% – Here’s Why

Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) shares shot up 5.7% on Monday . The company traded as high as $20.96 and last traded at $20.96. 2,000 shares changed hands during mid-day trading, an increase of 134% from the average session volume of 855 shares. The stock had previously closed at $19.8313.

Analyst Upgrades and Downgrades

MHCUF has been the subject of a number of recent research reports. Scotiabank reissued an “outperform” rating and set a $24.00 price objective on shares of Flagship Communities Real Estate Investment Trust in a report on Friday, January 16th. TD Securities reaffirmed a “buy” rating on shares of Flagship Communities Real Estate Investment Trust in a research report on Friday, November 14th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $24.00.

Flagship Communities Real Estate Investment Trust Price Performance

The firm’s 50-day moving average price is $19.79 and its 200-day moving average price is $18.93.

Flagship Communities Real Estate Investment Trust Company Profile

Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) is a Canada-based real estate investment trust focused on owning, operating and acquiring manufactured housing communities, single-family rental communities and recreational vehicle (RV) communities. The trust is structured to provide investors with regular distributions derived from stable, rent-based cash flows and value-enhancing community operations.

Flagship Communities REIT’s portfolio consists of income-producing residential and leisure-oriented properties.