Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) Stock Price Up 0.9% – Time to Buy?

Shares of Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) rose 0.9% on Thursday . The company traded as high as $19.25 and last traded at $19.21. Approximately 6,426 shares traded hands during trading, an increase of 270% from the average daily volume of 1,735 shares. The stock had previously closed at $19.04.

Analyst Upgrades and Downgrades

Separately, Scotiabank reiterated an “outperform” rating and set a $24.00 price objective on shares of Flagship Communities Real Estate Investment Trust in a research report on Friday, January 16th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, Flagship Communities Real Estate Investment Trust presently has a consensus rating of “Buy” and a consensus price target of $24.00.

Flagship Communities Real Estate Investment Trust Stock Down 0.7%

The stock’s fifty day moving average price is $19.44 and its 200 day moving average price is $19.16.

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.