Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Director Louis Marie Forbes Purchases 2,000 Shares

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Director Louis Marie Forbes acquired 2,000 shares of the stock in a transaction dated Wednesday, April 24th. The stock was acquired at an average price of C$15.35 per share, with a total value of C$30,700.00.

Flagship Communities Real Estate Investment Trust Stock Down 0.6 %

Shares of TSE MHC.UN opened at C$20.52 on Friday. Flagship Communities Real Estate Investment Trust has a 12 month low of C$19.76 and a 12 month high of C$23.40. The company has a market cap of C$290.15 million and a price-to-earnings ratio of 4.89. The stock has a fifty day moving average of C$21.69.

Wall Street Analyst Weigh In

MHC.UN has been the subject of a number of recent research reports. Raymond James lowered their price objective on shares of Flagship Communities Real Estate Investment Trust from C$20.75 to C$19.25 and set a “strong-buy” rating for the company in a report on Thursday. Desjardins lowered their price target on shares of Flagship Communities Real Estate Investment Trust from C$21.00 to C$19.50 and set a “buy” rating for the company in a report on Thursday. National Bankshares set a C$19.75 price target on shares of Flagship Communities Real Estate Investment Trust and gave the company an “outperform” rating in a report on Thursday. Canaccord Genuity Group set a C$19.00 price target on shares of Flagship Communities Real Estate Investment Trust and gave the company a “buy” rating in a report on Thursday. Finally, Scotiabank lowered their price target on shares of Flagship Communities Real Estate Investment Trust from C$21.50 to C$20.00 and set an “outperform” rating for the company in a report on Thursday. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Flagship Communities Real Estate Investment Trust currently has an average rating of “Buy” and a consensus price target of C$19.58.

About Flagship Communities Real Estate Investment Trust

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.