Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Given a C$19.75 Price Target by National Bankshares Analysts

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) received a C$19.75 price objective from equities research analysts at National Bankshares in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target indicates a potential downside of 5.46% from the stock’s current price.

MHC.UN has been the topic of several other research reports. Raymond James lifted their target price on Flagship Communities Real Estate Investment Trust from C$20.00 to C$20.50 and gave the company an “outperform” rating in a research note on Monday, January 8th. Desjardins cut their target price on Flagship Communities Real Estate Investment Trust from C$21.00 to C$19.50 and set a “buy” rating on the stock in a research note on Thursday. Finally, Canaccord Genuity Group set a C$19.00 target price on Flagship Communities Real Estate Investment Trust and gave the company a “buy” rating in a research note on Thursday. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on 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 Price Performance

MHC.UN opened at C$20.89 on Thursday. The company has a 50-day moving average of C$21.67. Flagship Communities Real Estate Investment Trust has a 1 year low of C$19.76 and a 1 year high of C$23.40. The stock has a market capitalization of C$295.38 million and a price-to-earnings ratio of 4.97.

Insider Transactions at Flagship Communities Real Estate Investment Trust

In other Flagship Communities Real Estate Investment Trust news, Director Louis Marie Forbes purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, April 24th. The shares were acquired at an average price of C$15.35 per share, for a total transaction of C$30,700.00. 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.