Mainstreet Equity Corp. (TSE:MEQ – Get Free Report) shares hit a new 52-week high during trading on Friday . The stock traded as high as C$207.39 and last traded at C$207.39, with a volume of 1958 shares changing hands. The stock had previously closed at C$203.95.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the company. Acumen Capital raised their target price on Mainstreet Equity from C$210.00 to C$220.00 in a research report on Wednesday, July 24th. ATB Capital boosted their target price on Mainstreet Equity from C$200.00 to C$215.00 in a research note on Wednesday, July 24th.
Read Our Latest Report on Mainstreet Equity
Mainstreet Equity Trading Up 1.7 %
Mainstreet Equity (TSE:MEQ – Get Free Report) last released 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. Analysts predict that Mainstreet Equity Corp. will post 8.1910619 earnings per share for the current fiscal year.
Mainstreet Equity Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be given a dividend of $0.027 per share. This represents a $0.11 annualized dividend and a yield of 0.05%. The ex-dividend date of this dividend is Thursday, October 17th. Mainstreet Equity’s payout ratio is 0.81%.
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.
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