Mainstreet Equity Corp. (TSE:MEQ - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$207.39 and last traded at C$207.39, with a volume of 1958 shares trading hands. The stock had previously closed at C$203.95.
Wall Street Analyst Weigh In
MEQ has been the topic of a number of recent research reports. Acumen Capital raised their price target on shares of Mainstreet Equity from C$210.00 to C$220.00 in a research report on Wednesday, July 24th. ATB Capital increased their target price on shares of Mainstreet Equity from C$200.00 to C$215.00 in a research report on Wednesday, July 24th.
Check Out Our Latest Research Report on Mainstreet Equity
Mainstreet Equity Price Performance
The company has a fifty day simple moving average of C$195.51 and a two-hundred day simple moving average of C$183.75. The stock has a market capitalization of C$1.94 billion, a price-to-earnings ratio of 15.39 and a beta of 1.63. The company has a debt-to-equity ratio of 117.76, a quick ratio of 0.81 and a current ratio of 0.40.
Mainstreet Equity (TSE:MEQ - Get Free Report) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported C($1.70) EPS for the quarter, missing analysts' consensus estimates of C$2.42 by C($4.12). The company had revenue of C$63.32 million during the quarter, compared to analyst estimates of C$62.35 million. Mainstreet Equity had a net margin of 52.74% and a return on equity of 9.38%. As a group, equities research analysts expect that Mainstreet Equity Corp. will post 8.1910619 earnings per share for the current fiscal year.
Mainstreet Equity Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be given a $0.027 dividend. This represents a $0.11 annualized dividend and a dividend yield of 0.05%. The ex-dividend date is Thursday, October 17th. Mainstreet Equity's payout ratio is presently 0.81%.
About Mainstreet Equity
(
Get Free Report)
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.
Further Reading
Before you consider Mainstreet Equity, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mainstreet Equity wasn't on the list.
While Mainstreet Equity currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
