Desjardins Increases Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Price Target to C$20.50

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

Flagship Communities Real Estate Investment Trust Stock Performance

The stock has a 50-day moving average of C$21.15 and a two-hundred day moving average of C$20.79. The company has a market capitalization of C$335.68 million, a price-to-earnings ratio of 5.04 and a beta of 0.28. Flagship Communities Real Estate Investment Trust has a 12 month low of C$18.00 and a 12 month 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.