Mainstreet Equity (MEQ) Stock Price, News & Analysis

Company Overview

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. It invests in residential units consisting of townhouses, garden-style apartments, concrete mid-rise and high-rise apartments, and condo suites; and freestanding commercial buildings. The company is based in Calgary, Canada.

Key Stats

• Today's Range: C$202.08 to C$208.00
• 50-Day Range: C$193.56 to C$212.58
• 52-Week Range: C$141.17 to C$216.37
• Volume: 8,239 shs
• Average Volume: 3,175 shs
• Market Capitalization: C$1.90 billion
• P/E Ratio: 15.08
• Dividend Yield: 0.05%
• Price Target: C$205.00
• Consensus Rating: Moderate Buy

Mainstreet Equity Stock Analysis - MarketRank™

Mainstreet Equity scored higher than 13% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Mainstreet Equity has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Mainstreet Equity has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Mainstreet Equity is 15.08, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.02.

Price to Earnings Ratio vs. Sector

The P/E ratio of Mainstreet Equity is 15.08, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 269.36.

Price to Book Value per Share Ratio

Mainstreet Equity has a P/B Ratio of 1.35. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for MEQ.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Mainstreet Equity has a dividend yield of 0.06%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Mainstreet Equity does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Mainstreet Equity is 0.81%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for MEQ.

News and Social Media

• Score: 0.8 / 5
• News Sentiment: N/A

News Sentiment

Mainstreet Equity has a news sentiment score of -0.47. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.32 average news sentiment score of Real Estate companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Mainstreet Equity this week, compared to 1 article on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Mainstreet Equity insiders have not sold or bought any company stock.

Percentage Held by Insiders

48.94% of the stock of Mainstreet Equity is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 19.02% of the stock of Mainstreet Equity is held by institutions.

MEQ Stock Analysis - Frequently Asked Questions

How have MEQ shares performed this year?

Mainstreet Equity's stock was trading at C$146.02 at the beginning of 2024. Since then, MEQ stock has increased by 39.5% and is now trading at C$203.71.
View the best growth stocks for 2024 here.

How were Mainstreet Equity's earnings last quarter?

Mainstreet Equity Corp. (TSE:MEQ) released its quarterly earnings results on Thursday, July, 20th. The company reported ($1.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by $1.69. The business had revenue of $26.38 million for the quarter, compared to analyst estimates of $25.90 million. Mainstreet Equity had a trailing twelve-month return on equity of 9.38% and a net margin of 52.74%.

How do I buy shares of Mainstreet Equity?

Shares of MEQ stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of Mainstreet Equity own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Mainstreet Equity investors own include Bank of Montreal (BMO), Bank of Nova Scotia (BNS), Bank of America (BAC), Toronto-Dominion Bank (TD), AGNC Investment (AGNC), American Express (AXP) and Canadian Imperial Bank of Commerce (CM).

Company Calendar

• Last Earnings: 7/20/2017
• Ex-Dividend for 10/31 Dividend: 10/17/2024
• Dividend Payable: 10/31/2024
• Today: 12/18/2024

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Real Estate
• Industry: Real Estate Services
• Sub-Industry: N/A
• Current Symbol: TSE:MEQ
• CUSIP: N/A
• CIK: N/A
• Web: mainst.biz
• Phone: +1-403-2156060
• Fax: N/A
• Employees: 526
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$205.00
• High Stock Price Target: C$220.00
• Low Stock Price Target: C$180.00
• Potential Upside/Downside: -1.2%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$13.51
• Trailing P/E Ratio: 15.36
• Forward P/E Ratio: 25.34
• P/E Growth: N/A
• Net Income: C$125.85 million
• Net Margins: 52.74%
• Pretax Margin: N/A
• Return on Equity: 9.38%
• Return on Assets: 2.56%

Debt

• Debt-to-Equity Ratio: 117.76
• Current Ratio: 0.40
• Quick Ratio: 0.81

Sales & Book Value

• Annual Sales: C$238.63 million
• Price / Sales: 8.11
• Cash Flow: C$7.96 per share
• Price / Cash Flow: 26.09
• Book Value: C$150.78 per share
• Price / Book: 1.38

Miscellaneous

• Outstanding Shares: 9,320,000
• Free Float: N/A
• Market Cap: C$1.93 billion
• Optionable: Not Optionable
• Beta: 1.63