TD Securities Issues Positive Forecast for Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Stock Price

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) had its target price hoisted by TD Securities from C$20.00 to C$21.00 in a research note released on Thursday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other analysts have also recently weighed in on MHC.UN. Raymond James raised their price target on Flagship Communities Real Estate Investment Trust from C$19.00 to C$20.00 and gave the company a “strong-buy” rating in a report on Friday, March 14th. National Bankshares raised 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 report on Friday, March 14th. Royal Bank of Canada raised 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 report on Thursday. 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 report on Friday, March 14th. Finally, Scotiabank raised their price objective on Flagship Communities Real Estate Investment Trust from C$20.00 to C$22.00 and gave the company an “outperform” rating in a report on Thursday. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$21.29.

Flagship Communities Real Estate Investment Trust Stock Down 0.6%

TSE:MHC.UN opened at C$24.51 on Thursday. The business’s 50-day moving average price is C$23.70 and its two-hundred day moving average price is C$21.88. Flagship Communities Real Estate Investment Trust has a twelve month low of C$18.00 and a twelve month high of C$25.50. The stock has a market cap of C$346.57 million, a P/E ratio of 5.20 and a beta of 0.28.

Flagship Communities Real Estate Investment Trust Company Profile

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.