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

National Bankshares set a C$19.75 price target on Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) in a research report report published on Thursday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other research analysts have also issued reports on the stock. Raymond James raised their target price on shares of 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. Canaccord Genuity Group set a C$19.00 price objective on shares of Flagship Communities Real Estate Investment Trust and gave the stock a buy rating in a research note on Thursday. Finally, Desjardins reduced their price objective on shares of 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. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Buy and an average target price of C$19.58.

Flagship Communities Real Estate Investment Trust Stock Performance

The company has a market cap of C$295.39 million and a P/E ratio of 4.97. Flagship Communities Real Estate Investment Trust has a one year low of C$19.76 and a one year high of C$23.40. The firm’s 50-day moving average price is C$21.67.

Insider Buying and Selling

In other news, Director Louis Marie Forbes acquired 2,000 shares of Flagship Communities Real Estate Investment Trust stock in a transaction that occurred on Wednesday, April 24th. The shares were acquired at an average price of C$15.35 per share, with a total value 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.