Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Given New C$19.50 Price Target at Desjardins

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) had its target price cut by Desjardins from C$21.00 to C$19.50 in a research report report published on Thursday, BayStreet.CA reports. They currently have a buy rating on the stock.

Separately, Raymond James boosted their target price on shares of Flagship Communities Real Estate Investment Trust from C$20.00 to C$20.50 and gave the stock an outperform rating in a report on Monday, January 8th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Buy and a consensus target price of C$19.58.

Flagship Communities Real Estate Investment Trust Price Performance

MHC.UN stock opened at C$20.52 on Thursday. Flagship Communities Real Estate Investment Trust has a 52 week low of C$19.76 and a 52 week high of C$23.40. The company has a market cap of C$290.15 million and a P/E ratio of 4.89. The stock’s 50-day moving average is C$21.69.

Insider Buying and Selling

In related news, Director Louis Marie Forbes bought 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The stock was purchased at an average cost of C$15.35 per share, for a total transaction of C$30,700.00. 0.40% of the stock is owned by insiders.

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.