Mainstreet Equity Corp. (TSE:MEQ – Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$177.81 and traded as high as C$194.93. Mainstreet Equity shares last traded at C$194.55, with a volume of 1,150 shares changing hands.
Analysts Set New Price Targets
Several analysts recently issued reports on MEQ shares. Acumen Capital upped their price objective on shares of Mainstreet Equity from C$210.00 to C$220.00 in a research note on Wednesday, July 24th. ATB Capital upped their price target on Mainstreet Equity from C$200.00 to C$215.00 in a research report on Wednesday, July 24th.
Check Out Our Latest Stock Report on Mainstreet Equity
Mainstreet Equity Stock Up 1.8 %
Mainstreet Equity (TSE:MEQ – Get Free Report) last posted its earnings results on Tuesday, July 23rd. The company reported C($1.70) earnings per share (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 business had revenue of C$63.32 million for the quarter, compared to analyst estimates of C$62.35 million. As a group, analysts anticipate that Mainstreet Equity Corp. will post 8.3069349 earnings per share for the current fiscal year.
Mainstreet Equity Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th were given a $0.027 dividend. The ex-dividend date of this dividend was Wednesday, July 17th. This represents a $0.11 dividend on an annualized basis and a yield of 0.06%. Mainstreet Equity’s payout ratio is currently 0.81%.
About Mainstreet Equity
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.
Recommended Stories
- Five stocks we like better than Mainstreet Equity
- How Technical Indicators Can Help You Find Oversold Stocks
- CAVA Stock Rallies as Earnings Confirm It’s a Top Growth Play
- Why Are These Companies Considered Blue Chips?
- MarketBeat Week in Review – 8/19 – 8/23
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- 3 High Short-Interest Stocks Poised for a Rate Cut Squeeze
Receive News & Ratings for Mainstreet Equity Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mainstreet Equity and related companies with MarketBeat.com's FREE daily email newsletter.