Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Director Purchases C$17,372.31 in Stock

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Director Kurtis Paul Keeney acquired 701 shares of the company’s stock in a transaction on Wednesday, March 26th. The stock was acquired at an average price of C$24.78 per share, for a total transaction of C$17,372.31.

Kurtis Paul Keeney also recently made the following trade(s):

• On Thursday, March 20th, Kurtis Paul Keeney bought 57 shares of Flagship Communities Real Estate Investment Trust stock. The shares were acquired at an average cost of C$24.17 per share, for a total transaction of C$1,377.52.
• On Friday, March 14th, Kurtis Paul Keeney purchased 300 shares of Flagship Communities Real Estate Investment Trust stock. The stock was acquired at an average price of C$23.40 per share, for a total transaction of C$7,020.00.

Flagship Communities Real Estate Investment Trust Stock Performance

MHC.UN stock opened at C$24.70 on Thursday. Flagship Communities Real Estate Investment Trust has a 52 week low of C$18.00 and a 52 week high of C$24.80. The company has a market capitalization of C$349.26 million, a PE ratio of 5.24 and a beta of 0.28. The company’s 50-day simple moving average is C$21.65 and its 200 day simple moving average is C$21.02.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on MHC.UN shares. Desjardins upped their price objective 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 report on Friday, March 14th. Raymond James increased 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 report on Friday, March 14th. Finally, National Bankshares boosted their price objective on 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. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$20.10.

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.