Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF – Get Free Report) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 114 shares, a growth of 1,528.6% from the April 15th total of 7 shares. Based on an average daily volume of 3,081 shares, the days-to-cover ratio is currently 0.0 days.
Flagship Communities Real Estate Investment Trust Stock Up 0.5%
Shares of OTCMKTS:MHCUF traded up $0.10 during midday trading on Monday, reaching $19.36. The company’s stock had a trading volume of 1,305 shares, compared to its average volume of 2,073. The firm has a 50 day moving average of $19.35 and a 200-day moving average of $19.20. Flagship Communities Real Estate Investment Trust has a 12-month low of $16.88 and a 12-month high of $20.96.
Analyst Upgrades and Downgrades
Several brokerages have commented on MHCUF. TD Securities restated a “buy” rating and issued a $25.00 price objective on shares of Flagship Communities Real Estate Investment Trust in a report on Wednesday, May 6th. Scotiabank restated an “outperform” rating and issued a $24.00 price objective on shares of Flagship Communities Real Estate Investment Trust in a report on Friday, January 16th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Flagship Communities Real Estate Investment Trust currently has an average rating of “Buy” and a consensus price target of $24.50.
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.
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