18:08:22 EDT Sat 01 Jun 2024
Enter Symbol
or Name
USA
CA



Flagship Communities Real Estate Investment T
Symbol MHC
Shares Issued 15,492,056
Close 2023-11-17 U$ 15.06
Market Cap U$ 233,310,363
Recent Sedar Documents

Globe says Flagship Communities kept at "outperform"

2023-11-17 08:20 ET - In the News

The Globe and Mail reports in its Friday, Nov. 17, edition that RBC Capital Markets analyst Tom Callaghan continues to rate Flagship Communities REIT "outperform." The Globe's David Leeder writes that Mr. Callaghan trimmed his unit target by $1 (U.S.) to $20 (U.S.). Analysts on average target the units at $20.31 (U.S.). Mr. Callaghan says in a note: "Flagship Communities delivered a solid, yet in-line set of Q3 results. We continue to believe the REIT is attractively positioned to deliver above-average organic growth. Concurrently, the long-term, fixed rate nature of Flagship's debt, coupled with the resiliency of the U.S. manufactured housing sector position the REIT favourably in the current environment." The Globe reported on March 21 that Desjardins Securities was sticking with its "buy" call on Flagship Communities. The units could then be had for $16.99 (U.S.). The Globe reported on July 19 that National Bank Financial analysts Matt Kornack and Tal Woolley had reaffirmed their "outperform" recommendation for Flagship Communities. The units could then be had for $16.12 (U.S.). The Globe reported on Aug. 30 that Mr. Callaghan rated Flagship "outperform" in new coverage. The units were then worth $16 (U.S.).

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