Shares of Mainstreet Equity Corp. (TSE:MEQ - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$184.86 and traded as high as C$207.87. Mainstreet Equity shares last traded at C$207.40, with a volume of 1,775 shares trading hands.
Wall Street Analyst Weigh In
MEQ has been the topic of a number of recent analyst reports. Acumen Capital boosted their price objective on shares of Mainstreet Equity from C$210.00 to C$220.00 in a report on Wednesday, July 24th. ATB Capital boosted their price target on Mainstreet Equity from C$200.00 to C$215.00 in a research note on Wednesday, July 24th.
Check Out Our Latest Analysis on MEQ
Mainstreet Equity Stock Down 1.4 %
The firm has a market cap of C$1.91 billion, a P/E ratio of 15.35 and a beta of 1.63. The firm's 50-day moving average price is C$198.09 and its 200 day moving average price is C$184.86. 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 disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 17th were issued a $0.027 dividend. The ex-dividend date was Thursday, October 17th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.05%. Mainstreet Equity's dividend payout ratio (DPR) is presently 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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