Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) Shares Down 0.5% – Here’s What Happened

Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF)’s stock price dropped 0.5% during trading on Thursday . The company traded as low as $21.27 and last traded at $21.27. Approximately 415 shares traded hands during trading, a decline of 85% from the average daily volume of 2,687 shares. The stock had previously closed at $21.38.

Analysts Set New Price Targets

Separately, TD Securities reissued a “buy” rating and set a $25.00 target price on shares of Flagship Communities Real Estate Investment Trust in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $24.50.

Flagship Communities Real Estate Investment Trust Stock Performance

The company’s 50 day moving average is $20.23 and its two-hundred day moving average is $19.84.

About Flagship Communities Real Estate Investment Trust

Flagship Communities Real Estate Investment Trust (OTCMKTS:MHCUF) is a Canada-based real estate investment trust focused on owning, operating and acquiring manufactured housing communities, single-family rental communities and recreational vehicle (RV) communities. The trust is structured to provide investors with regular distributions derived from stable, rent-based cash flows and value-enhancing community operations.

Flagship Communities REIT’s portfolio consists of income-producing residential and leisure-oriented properties.