Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Given New C$20.50 Price Target at Desjardins

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) had its target price hoisted by investment analysts at Desjardins from C$19.50 to C$20.50 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock.

Flagship Communities Real Estate Investment Trust Price Performance

The firm has a market capitalization of C$335.68 million, a P/E ratio of 5.04 and a beta of 0.28. The business has a fifty day moving average of C$21.15 and a 200-day moving average of C$20.79. Flagship Communities Real Estate Investment Trust has a 1-year low of C$18.00 and a 1-year high of C$24.70.

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.