Mainstreet Equity Corp. (TSE:MEQ - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$183.58 and traded as high as C$203.95. Mainstreet Equity shares last traded at C$203.95, with a volume of 2,049 shares changing hands.
Analyst Ratings Changes
A number of equities analysts have issued reports on the stock. Acumen Capital boosted their price objective on shares of Mainstreet Equity from C$210.00 to C$220.00 in a research report on Wednesday, July 24th. ATB Capital raised their target price on Mainstreet Equity from C$200.00 to C$215.00 in a research note on Wednesday, July 24th.
Check Out Our Latest Research Report on MEQ
Mainstreet Equity Stock Performance
The company has a market cap of C$1.94 billion, a P/E ratio of 15.39 and a beta of 1.63. The business has a fifty day moving average of C$195.51 and a 200 day moving average of C$183.75. The company has a quick ratio of 0.81, a current ratio of 0.40 and a debt-to-equity ratio of 117.76.
Mainstreet Equity (TSE:MEQ - Get Free Report) last posted its earnings results on Tuesday, July 23rd. The company reported C($1.70) EPS for the quarter, missing the consensus estimate of C$2.42 by C($4.12). Mainstreet Equity had a return on equity of 9.38% and a net margin of 52.74%. The company had revenue of C$63.32 million during the quarter, compared to analysts' expectations of C$62.35 million. On average, equities analysts predict that Mainstreet Equity Corp. will post 8.1910619 EPS for the current year.
Mainstreet Equity Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be issued a $0.027 dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $0.11 annualized dividend and a 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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