National Bankshares Forecasts Strong Price Appreciation for Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Stock

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) had its target price boosted by equities research analysts at National Bankshares from C$20.00 to C$21.00 in a report released on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price target suggests a potential downside of 10.75% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Raymond James raised their price target on Flagship Communities Real Estate Investment Trust from C$19.00 to C$20.00 and gave the stock a “strong-buy” rating in a research report on Friday. Desjardins raised their price objective on Flagship Communities Real Estate Investment Trust from C$19.50 to C$20.50 and gave the company a “buy” rating in a research note on Friday. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$20.10.

Flagship Communities Real Estate Investment Trust Stock Up 3.5 %

Shares of MHC.UN traded up C$0.79 on Friday, hitting C$23.53. The company’s stock had a trading volume of 3,752 shares, compared to its average volume of 2,052. The firm has a market capitalization of C$332.71 million, a price-to-earnings ratio of 5.00 and a beta of 0.28. Flagship Communities Real Estate Investment Trust has a fifty-two week low of C$18.00 and a fifty-two week high of C$24.70. The firm’s fifty day moving average price is C$21.11 and its 200-day moving average price is C$20.77.

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.