Insider Buying: Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Director Purchases C$12,129.37 in Stock

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Director Kurtis Paul Keeney acquired 492 shares of Flagship Communities Real Estate Investment Trust stock in a transaction dated Friday, March 28th. The stock was acquired at an average cost of C$24.65 per share, with a total value of C$12,129.37.

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

• On Wednesday, March 26th, Kurtis Paul Keeney purchased 701 shares of Flagship Communities Real Estate Investment Trust stock. The stock was bought at an average price of C$24.78 per share, for a total transaction of C$17,372.31.
• On Thursday, March 20th, Kurtis Paul Keeney acquired 57 shares of Flagship Communities Real Estate Investment Trust stock. The shares were bought 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 shares were purchased 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

Shares of MHC.UN stock opened at C$24.15 on Thursday. The stock’s fifty day simple moving average is C$22.02 and its 200 day simple moving average is C$21.15. Flagship Communities Real Estate Investment Trust has a one year low of C$18.00 and a one year high of C$24.95. The firm has a market cap of C$341.48 million, a price-to-earnings ratio of 5.13 and a beta of 0.28.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. National Bankshares raised their price objective on Flagship Communities Real Estate Investment Trust from C$20.00 to C$21.00 and gave the stock an “outperform” rating in a research report on Friday, March 14th. Desjardins boosted 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, Raymond James raised their price objective on shares of Flagship Communities Real Estate Investment Trust from C$19.00 to C$20.00 and gave the stock a “strong-buy” rating in a report on Friday, March 14th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price 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.