Scotiabank Cuts Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Price Target to C$20.00

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) had its target price cut by Scotiabank from C$21.50 to C$20.00 in a report issued on Thursday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research analysts have also issued reports on the stock. Canaccord Genuity Group set a C$19.00 target price on shares of Flagship Communities Real Estate Investment Trust and gave the stock a buy rating in a research report on Thursday. Raymond James cut their target price on shares of Flagship Communities Real Estate Investment Trust from C$20.75 to C$19.25 and set a strong-buy rating for the company in a research report on Thursday. National Bankshares set a C$19.75 target price on shares of Flagship Communities Real Estate Investment Trust and gave the stock an outperform rating in a research report on Thursday. Finally, Desjardins cut their target price on shares of Flagship Communities Real Estate Investment Trust from C$21.00 to C$19.50 and set a buy rating for the company in a research report on Thursday. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Flagship Communities Real Estate Investment Trust presently has a consensus rating of Buy and a consensus target price of C$19.58.

Flagship Communities Real Estate Investment Trust Price Performance

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 firm’s 50-day moving average is C$21.67. The company has a market capitalization of C$295.39 million and a PE ratio of 4.97.

Insiders Place Their Bets

In other Flagship Communities Real Estate Investment Trust news, Director Louis Marie Forbes purchased 2,000 shares of the stock in a transaction on Wednesday, April 24th. The stock was acquired at an average cost of C$15.35 per share, with a total value of C$30,700.00. 0.40% of the stock is currently 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.