Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Sets New 12-Month High – Should You Buy?

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) shares reached a new 52-week high on Friday . The stock traded as high as C$17.40 and last traded at C$24.49, with a volume of 17002 shares. The stock had previously closed at C$24.50.

Analysts Set New Price Targets

A number of research firms have commented on MHC.UN. National Bankshares raised their price target on shares of Flagship Communities Real Estate Investment Trust from C$20.00 to C$21.00 and gave the stock an “outperform” rating in a report on Friday, March 14th. Raymond James raised their price target on shares of Flagship Communities Real Estate Investment Trust from C$19.00 to C$20.00 and gave the stock a “strong-buy” rating in a report on Friday, March 14th. Finally, Desjardins raised their price target on shares of Flagship Communities Real Estate Investment Trust from C$19.50 to C$20.50 and gave the stock a “buy” rating in a report on Friday, March 14th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$20.10.

Flagship Communities Real Estate Investment Trust Price Performance

The business’s 50-day moving average is C$21.44 and its two-hundred day moving average is C$20.92. The company has a market capitalization of C$347.56 million, a P/E ratio of 5.22 and a beta of 0.28.

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.