TSE:MEQ

Mainstreet Equity (MEQ) Stock Price, News & Analysis

C$181.50
-1.84 (-1.00%)
(As of 04/24/2024 ET)
Today's Range
C$181.00
C$183.18
50-Day Range
C$169.39
C$192.99
52-Week Range
C$125.55
C$194.57
Volume
2,950 shs
Average Volume
2,845 shs
Market Capitalization
C$1.69 billion
P/E Ratio
10.37
Dividend Yield
0.06%
Price Target
C$175.00

Mainstreet Equity MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
3.6% Downside
C$175.00 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
C$1.04 M Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.46 out of 5 stars

MEQ stock logo

About Mainstreet Equity Stock (TSE:MEQ)

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.

MEQ Stock Price History

MEQ Stock News Headlines

Mainstreet Equity Corp MEQ
Exposed: 10 CENT Crypto to Explode April 20th?
Former Wall Street Insider and Professional Money Manager Reveals 4 Cryptos BETTER Than Bitcoin
Main Street Capital: Attractive Yield And Valuation
Mainstreet Equity Corp.
Exposed: 10 CENT Crypto to Explode April 20th?
Former Wall Street Insider and Professional Money Manager Reveals 4 Cryptos BETTER Than Bitcoin
Wholesale Trade on Next Week’s Agenda
Stocks in play: Mainstreet Equity Corp
MEQ:CA Mainstreet Equity Corp.
See More Headlines
Receive MEQ Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Mainstreet Equity and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 1/31 Dividend
1/15/2024
Dividend Payable
1/31/2024
Last Earnings
2/06/2024
Ex-Dividend for 4/30 Dividend
4/15/2024
Today
4/24/2024
Dividend Payable
4/30/2024
Next Earnings (Estimated)
5/14/2024

Industry, Sector and Symbol

Industry
Real Estate Services
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
526
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$175.00
High Stock Price Target
C$180.00
Low Stock Price Target
C$170.00
Potential Upside/Downside
-4.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
C$162.96 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$219.51 million
Cash Flow
C$7.02 per share
Book Value
C$148.92 per share

Miscellaneous

Free Float
N/A
Market Cap
C$1.71 billion
Optionable
Not Optionable
Beta
1.55
10 Best Stocks to Own in 2024 Cover

Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2024 and why they should be in your portfolio.

Get This Free Report

Key Executives

  • Mr. Navjeet Singh Dhillon
    Founder, President, CEO & Director
  • Ms. Trina N. Cui
    Chief Financial Officer
  • Mr. Jesse Greenwell
    Head of Communications, Culture & Inclusivity
  • Ms. Luckresha Baker
    Human Resources Manager
  • Mr. Joseph B. Amantea
    Treasurer, Corporate Secretary & Director

MEQ Stock Analysis - Frequently Asked Questions

Should I buy or sell Mainstreet Equity stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Mainstreet Equity in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MEQ shares.
View MEQ analyst ratings
or view top-rated stocks.

What is Mainstreet Equity's stock price target for 2024?

2 Wall Street analysts have issued 1-year price objectives for Mainstreet Equity's stock. Their MEQ share price targets range from C$170.00 to C$180.00. On average, they expect the company's stock price to reach C$175.00 in the next twelve months. This suggests that the stock has a possible downside of 3.6%.
View analysts price targets for MEQ
or view top-rated stocks among Wall Street analysts.

How have MEQ shares performed in 2024?

Mainstreet Equity's stock was trading at C$146.02 on January 1st, 2024. Since then, MEQ stock has increased by 24.3% and is now trading at C$181.50.
View the best growth stocks for 2024 here
.

When is Mainstreet Equity's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our MEQ earnings forecast
.

How were Mainstreet Equity's earnings last quarter?

Mainstreet Equity Corp. (TSE:MEQ) posted its quarterly earnings results on Tuesday, February, 6th. The company reported $7.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.04 by $5.32. The company earned $58.34 million during the quarter, compared to analysts' expectations of $56.60 million. Mainstreet Equity had a net margin of 74.24% and a trailing twelve-month return on equity of 12.47%.

How often does Mainstreet Equity pay dividends? What is the dividend yield for Mainstreet Equity?

Mainstreet Equity declared a quarterly dividend on Thursday, April 11th. Investors of record on Tuesday, April 16th will be paid a dividend of 0.027 per share on Tuesday, April 30th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.06%. The ex-dividend date of this dividend is Monday, April 15th.
Read our dividend analysis for MEQ
.

Is Mainstreet Equity a good dividend stock?

Mainstreet Equity (TSE:MEQ) pays an annual dividend of C$0.11 per share and currently has a dividend yield of 0.06%. The dividend payout ratio is 0.63%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MEQ.

What other stocks do shareholders of Mainstreet Equity own?
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.

This page (TSE:MEQ) was last updated on 4/24/2024 by MarketBeat.com Staff

From Our Partners