Shares of Mainstreet Equity Corp. (TSE:MEQ - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$191.41 and traded as high as C$208.56. Mainstreet Equity shares last traded at C$207.84, with a volume of 636 shares traded.
Wall Street Analysts Forecast Growth
Separately, Atb Cap Markets lowered Mainstreet Equity from a "strong-buy" rating to a "hold" rating in a report on Thursday, December 5th.
Get Our Latest Stock Analysis on Mainstreet Equity
Mainstreet Equity Price Performance
The stock has a market cap of C$1.91 billion, a price-to-earnings ratio of 15.20 and a beta of 1.63. The company has a quick ratio of 0.81, a current ratio of 0.40 and a debt-to-equity ratio of 117.76. The company's 50-day moving average is C$204.07 and its 200-day moving average is C$191.66.
Mainstreet Equity Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th were issued a $0.027 dividend. This represents a $0.11 annualized dividend and a dividend yield of 0.05%. The ex-dividend date of this dividend was Thursday, October 17th. Mainstreet Equity's payout ratio is 0.81%.
About Mainstreet Equity
(
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Mainstreet Equity Corp. engages in the acquisition, redevelopment, repositioning, and management of mid-market residential rental apartment buildings in Western Canada. The company owns a portfolio of multi-family residential properties in British Columbia, Calgary, Edmonton, Saskatoon, Regina, and Winnipeg.
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