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$197.42 to C$203.00
• 50-Day Range: C$189.99 to C$209.55
• 52-Week Range: C$138.50 to C$216.37
• Volume: 6,976 shs
• Average Volume: 3,074 shs
• Market Capitalization: C$1.88 billion
• P/E Ratio: 14.94
• Dividend Yield: 0.05%
• Price Target: C$205.00
• Consensus Rating: Buy

Mainstreet Equity Stock Analysis - MarketRank™

Mainstreet Equity scored higher than 25% 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: 1.5 / 5
• Analyst Rating: Buy

Consensus Rating

Mainstreet Equity has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Mainstreet Equity has received no research coverage 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 14.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.38.

Price to Earnings Ratio vs. Sector

The P/E ratio of Mainstreet Equity is 14.94, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 272.86.

Price to Book Value per Share Ratio

Mainstreet Equity has a P/B Ratio of 1.34. 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: 2.8 / 5
• News Sentiment: N/A

News Sentiment

Mainstreet Equity has a news sentiment score of 1.11. 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 higher news sentiment than the 0.68 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.

Search Interest

2 people have searched for MEQ on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

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 start of the year. Since then, MEQ shares have increased by 38.2% and is now trading at C$201.85.
View the best growth stocks for 2024 here.

How were Mainstreet Equity's earnings last quarter?

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

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: 11/20/2024
• Next Earnings (Estimated): 12/04/2024

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: +1.6%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$13.51
• Trailing P/E Ratio: 14.94
• Forward P/E Ratio: 24.64
• 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: 7.88
• Cash Flow: C$7.74 per share
• Price / Cash Flow: 26.09
• Book Value: C$150.78 per share
• Price / Book: 1.34

Miscellaneous

• Outstanding Shares: 9,320,000
• Free Float: N/A
• Market Cap: C$1.88 billion
• Optionable: Not Optionable
• Beta: 1.63