Insider Buying: Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Director Acquires 701 Shares of Stock

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Director Kurtis Paul Keeney purchased 701 shares of the company’s stock in a transaction on Wednesday, March 26th. The shares were purchased at an average price of C$24.78 per share, for a total transaction of C$17,372.31.

Kurtis Paul Keeney also recently made the following trade(s):

• On Thursday, March 20th, Kurtis Paul Keeney bought 57 shares of Flagship Communities Real Estate Investment Trust stock. The shares were purchased at an average cost of C$24.17 per share, with a total value of C$1,377.52.
• On Friday, March 14th, Kurtis Paul Keeney purchased 300 shares of Flagship Communities Real Estate Investment Trust stock. The stock was acquired at an average price of C$23.40 per share, for a total transaction of C$7,020.00.

Flagship Communities Real Estate Investment Trust Price Performance

MHC.UN opened at C$24.78 on Friday. The firm has a fifty day moving average price of C$21.81 and a 200 day moving average price of C$21.07. Flagship Communities Real Estate Investment Trust has a 1 year low of C$18.00 and a 1 year high of C$24.80. The stock has a market cap of C$350.39 million, a P/E ratio of 5.26 and a beta of 0.28.

Analyst Upgrades and Downgrades

Several brokerages have commented on MHC.UN. Raymond James lifted their price objective on shares of Flagship Communities Real Estate Investment Trust from C$19.00 to C$20.00 and gave the company a “strong-buy” rating in a research note on Friday, March 14th. Desjardins upped their price target on shares of Flagship Communities Real Estate Investment Trust from C$19.50 to C$20.50 and gave the company a “buy” rating in a report on Friday, March 14th. Finally, National Bankshares lifted their price objective on Flagship Communities Real Estate Investment Trust from C$20.00 to C$21.00 and gave the company an “outperform” rating in a research note on Friday, March 14th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$20.10.

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.