Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Receives Average Rating of “Buy” from Brokerages

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) has been assigned a consensus recommendation of “Buy” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$21.50.

Separately, Raymond James Financial upped their price target on shares of Flagship Communities Real Estate Investment Trust from C$22.25 to C$22.75 and gave the stock a “strong-buy” rating in a research note on Friday, August 8th.

Flagship Communities Real Estate Investment Trust Trading Up 1.1%

TSE MHC.UN opened at C$26.40 on Wednesday. Flagship Communities Real Estate Investment Trust has a 52 week low of C$20.01 and a 52 week high of C$27.23. The stock has a market cap of C$512.21 million, a price-to-earnings ratio of 5.42 and a beta of 0.38. The company has a 50-day moving average price of C$25.41 and a two-hundred day moving average price of C$24.14.

About Flagship Communities Real Estate Investment Trust

Flagship Communities REIT is an open-ended real estate investment trust. It is formed for the purpose of owning and operating a portfolio of income-producing manufactured housing communities and related assets, all of which are located in The United States. The objective of the trust is to provide unitholders with predictable, sustainable and growing cash distributions.