Desjardins Increases Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Price Target to C$20.50

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) had its price objective boosted by Desjardins from C$19.50 to C$20.50 in a research note released on Friday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

Flagship Communities Real Estate Investment Trust Stock Performance

The company has a market cap of C$335.68 million, a P/E ratio of 5.04 and a beta of 0.28. Flagship Communities Real Estate Investment Trust has a 1 year low of C$18.00 and a 1 year high of C$24.70. The company’s 50-day simple moving average is C$21.15 and its two-hundred day simple moving average is C$20.79.

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.