Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Receives Consensus Rating of “Buy” from Analysts

Shares of Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) have received a consensus rating of “Buy” from the six research firms that are currently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$21.71.

Several research firms recently issued reports on MHC.UN. Raymond James Financial upped their price objective on shares of Flagship Communities Real Estate Investment Trust from C$22.25 to C$22.75 and gave the stock a “strong-buy” rating in a report on Friday, August 8th. National Bankshares set a C$23.00 price objective on shares of Flagship Communities Real Estate Investment Trust and gave the stock an “outperform” rating in a report on Wednesday, October 8th.

Flagship Communities Real Estate Investment Trust Stock Performance

The firm has a 50-day moving average of C$25.84 and a 200-day moving average of C$24.85. The firm has a market cap of C$499.60 million, a price-to-earnings ratio of 5.29 and a beta of 0.37. Flagship Communities Real Estate Investment Trust has a 12 month low of C$20.01 and a 12 month high of C$27.23.

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.