Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Director Buys C$30,700.00 in Stock

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

Flagship Communities Real Estate Investment Trust Price Performance

The stock has a 50 day moving average of C$21.67. The stock has a market capitalization of C$295.39 million and a price-to-earnings ratio of 4.97. Flagship Communities Real Estate Investment Trust has a 12-month low of C$19.76 and a 12-month high of C$23.40.

Analyst Ratings Changes

Several brokerages recently commented on MHC.UN. Scotiabank reduced their target price on Flagship Communities Real Estate Investment Trust from C$21.50 to C$20.00 and set an “outperform” rating for the company in a research report on Thursday. Desjardins dropped their price objective on Flagship Communities Real Estate Investment Trust from C$21.00 to C$19.50 and set a “buy” rating for the company in a research note on Thursday. National Bankshares set a C$19.75 price objective on Flagship Communities Real Estate Investment Trust and gave the stock an “outperform” rating in a research note on Thursday. Raymond James dropped their price objective on 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 research note on Thursday. Finally, Canaccord Genuity Group set a C$19.00 price objective on Flagship Communities Real Estate Investment Trust and gave the stock a “buy” rating in a research note on Thursday. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average 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.