Mainstreet Equity (TSE:MEQ) Price Target Increased to C$215.00 by Analysts at ATB Capital

Mainstreet Equity (TSE:MEQ) had its target price hoisted by ATB Capital from C$200.00 to C$215.00 in a research report report published on Wednesday morning, BayStreet.CA reports.

Mainstreet Equity Price Performance

Shares of TSE MEQ opened at C$191.65 on Wednesday. Mainstreet Equity has a twelve month low of C$130.00 and a twelve month high of C$194.57. The firm has a market cap of C$1.79 billion, a P/E ratio of 10.95 and a beta of 1.55. The company has a 50 day moving average of C$171.12 and a 200 day moving average of C$171.70. The company has a quick ratio of 0.81, a current ratio of 1.00 and a debt-to-equity ratio of 119.54.

Mainstreet Equity (TSE:MEQ) last posted its earnings results on Tuesday, May 7th. The company reported C$3.61 EPS for the quarter, topping analysts’ consensus estimates of C$1.99 by C$1.62. Mainstreet Equity had a net margin of 74.24% and a return on equity of 12.47%. The business had revenue of C$61.25 million during the quarter, compared to the consensus estimate of C$58.95 million. As a group, research analysts expect that Mainstreet Equity will post 7.1907783 EPS for the current fiscal year.

Mainstreet Equity Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be issued a dividend of $0.027 per share. This represents a $0.11 annualized dividend and a dividend yield of 0.06%. The ex-dividend date of this dividend is Wednesday, July 17th. Mainstreet Equity’s dividend payout ratio (DPR) is presently 0.63%.

Insider Buying and Selling at Mainstreet Equity

In other Mainstreet Equity news, Director Ron Anderson purchased 500 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was purchased at an average price of C$175.20 per share, with a total value of C$87,600.00. Insiders own 48.94% of the company’s stock.

Mainstreet Equity Company Profile

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.