Mainstreet Equity Corp. (TSE:MEQ - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$185.69 and traded as high as C$199.41. Mainstreet Equity shares last traded at C$199.41, with a volume of 1,040 shares traded.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on the company. Acumen Capital lifted their price target on Mainstreet Equity from C$210.00 to C$220.00 in a report on Wednesday, July 24th. ATB Capital lifted their price objective on Mainstreet Equity from C$200.00 to C$215.00 in a research note on Wednesday, July 24th.
Read Our Latest Analysis on Mainstreet Equity
Mainstreet Equity Price Performance
The firm has a market cap of C$1.86 billion, a PE ratio of 14.76 and a beta of 1.63. The business's fifty day moving average is C$198.56 and its 200-day moving average is C$185.69. The company has a debt-to-equity ratio of 117.76, a current ratio of 0.40 and a quick ratio of 0.81.
Mainstreet Equity Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th were issued a $0.027 dividend. This represents a $0.11 annualized dividend and a yield of 0.05%. The ex-dividend date of this dividend was Thursday, October 17th. Mainstreet Equity's payout ratio is 0.81%.
Mainstreet Equity Company Profile
(
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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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