Mainstreet Equity Corp. (TSE:MEQ - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$191.33 and traded as high as C$198.00. Mainstreet Equity shares last traded at C$195.98, with a volume of 1,876 shares trading hands.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the company. ATB Capital raised Mainstreet Equity from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from C$225.00 to C$235.00 in a research note on Monday, August 11th. Atb Cap Markets raised Mainstreet Equity from a "hold" rating to a "strong-buy" rating in a research note on Sunday, August 10th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat.com, Mainstreet Equity has an average rating of "Strong Buy" and an average price target of C$235.00.
Read Our Latest Report on Mainstreet Equity
Mainstreet Equity Price Performance
The company has a current ratio of 0.51, a quick ratio of 0.81 and a debt-to-equity ratio of 109.80. The firm has a 50 day moving average of C$192.02 and a 200-day moving average of C$191.18. The company has a market cap of C$1.85 billion, a P/E ratio of 7.20 and a beta of 0.96.
Mainstreet Equity Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 17th were paid a $0.04 dividend. This is an increase from Mainstreet Equity's previous quarterly dividend of $0.03. This represents a $0.16 dividend on an annualized basis and a yield of 0.1%. Mainstreet Equity's payout ratio is presently 0.49%.
About Mainstreet Equity
(
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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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