Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Stock Price Target Lowered at National Bank Financial

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) had its price target lowered by analysts at National Bank Financial from $26.50 to $25.25 in a research note issued to investors on Wednesday, BayStreet reports. The firm currently has an “outperform” rating on the stock.

Separately, Raymond James Financial upped their price objective on shares of Flagship Communities Real Estate Investment Trust from C$25.00 to C$25.25 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Strong Buy” and an average price target of C$25.25.

Flagship Communities Real Estate Investment Trust Price Performance

Shares of Flagship Communities Real Estate Investment Trust stock traded down C$0.09 during trading hours on Wednesday, hitting C$29.80. The company had a trading volume of 1,200 shares, compared to its average volume of 2,604. The company’s 50-day moving average is C$29.93 and its two-hundred day moving average is C$28.83. Flagship Communities Real Estate Investment Trust has a twelve month low of C$24.58 and a twelve month high of C$32.50. The company has a market cap of C$578.18 million, a P/E ratio of 5.99 and a beta of 0.36.

About Flagship Communities Real Estate Investment Trust

Flagship Communities Real Estate Investment Trust is a leading operator of affordable residential MHCs primarily serving working families seeking affordable home ownership. The REIT owns and operates exceptional residential living experiences and investment opportunities in family-oriented communities in Kentucky, Indiana, Ohio, Tennessee, Arkansas, Missouri, West Virginia, and Illinois.