Investment Analysts’ Weekly Ratings Changes for Flagship Communities Real Estate Investment Trust (MHC.UN)

A number of research firms have changed their ratings and price targets for Flagship Communities Real Estate Investment Trust (TSE: MHC.UN):

• 4/25/2024 – Flagship Communities Real Estate Investment Trust had its price target lowered by analysts at Raymond James from C$20.75 to C$19.25. They now have a “strong-buy” rating on the stock.
• 4/25/2024 – Flagship Communities Real Estate Investment Trust had its price target lowered by analysts at Scotiabank from C$21.50 to C$20.00. They now have an “outperform” rating on the stock.
• 4/25/2024 – Flagship Communities Real Estate Investment Trust was given a new C$19.75 price target on by analysts at National Bankshares, Inc.. They now have an “outperform” rating on the stock.
• 4/25/2024 – Flagship Communities Real Estate Investment Trust was given a new C$19.00 price target on by analysts at Canaccord Genuity Group Inc.. They now have a “buy” rating on the stock.
• 4/25/2024 – Flagship Communities Real Estate Investment Trust had its price target lowered by analysts at Desjardins from C$21.00 to C$19.50. They now have a “buy” rating on the stock.

Flagship Communities Real Estate Investment Trust Price Performance

Shares of MHC.UN stock opened at C$21.00 on Thursday. The company’s 50-day moving average price is C$21.63. Flagship Communities Real Estate Investment Trust has a fifty-two week low of C$19.76 and a fifty-two week high of C$23.40. The company has a market capitalization of C$296.94 million and a PE ratio of 5.00.

Insider Activity at Flagship Communities Real Estate Investment Trust

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

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.