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

Posted by Amy Steele on Mar 23rd, 2025

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on MHC.UN shares. Raymond James boosted their price target on shares of Flagship Communities Real Estate Investment Trust from C$19.00 to C$20.00 and gave the company a “strong-buy” rating in a research report on Friday, March 14th. Desjardins boosted their price target on shares of Flagship Communities Real Estate Investment Trust from C$19.50 to C$20.50 and gave the company a “buy” rating in a research report on Friday, March 14th. Finally, National Bankshares boosted their price target on shares of Flagship Communities Real Estate Investment Trust from C$20.00 to C$21.00 and gave the company an “outperform” rating in a research report on Friday, March 14th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$20.10.

Check Out Our Latest Stock Analysis on Flagship Communities Real Estate Investment Trust

Flagship Communities Real Estate Investment Trust Price Performance

The firm’s 50 day moving average is C$21.44 and its 200 day moving average is C$20.92. The company has a market cap of C$347.56 million, a PE ratio of 5.22 and a beta of 0.28.

About Flagship Communities Real Estate Investment Trust

(Get Free Report)

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.