Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) Trading Down 0.5% – Here’s What Happened

Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) fell 0.5% on Thursday . The company traded as low as $21.27 and last traded at $21.27. 415 shares traded hands during trading, a decline of 85% from the average session volume of 2,687 shares. The stock had previously closed at $21.38.

Analyst Upgrades and Downgrades

Separately, TD Securities reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Flagship Communities Real Estate Investment Trust in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $24.50.

Flagship Communities Real Estate Investment Trust Trading Down 0.5%

The stock’s 50-day simple moving average is $20.19 and its 200 day simple moving average is $19.83.

About Flagship Communities Real Estate Investment Trust

Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) is a Canada-based real estate investment trust focused on owning, operating and acquiring manufactured housing communities, single-family rental communities and recreational vehicle (RV) communities. The trust is structured to provide investors with regular distributions derived from stable, rent-based cash flows and value-enhancing community operations.

Flagship Communities REIT’s portfolio consists of income-producing residential and leisure-oriented properties.