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 year. 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 brokers have issued 12-month target prices for Mainstreet Equity's shares. 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 5.4%. 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 shares have increased by 26.7% and is now trading at C$185.08. 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) issued its quarterly earnings data on Tuesday, February, 6th. The company reported $7.36 earnings per share for the quarter, beating the consensus estimate of $2.04 by $5.32. The business had revenue of $58.34 million for the quarter, compared to analyst estimates 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 announced a quarterly dividend on Thursday, April 11th. Investors of record on Tuesday, April 16th will be given a dividend of 0.027 per share on Tuesday, April 30th. This represents a $0.11 annualized dividend and a dividend yield of 0.06%. The ex-dividend date 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?

Based on aggregate information from My MarketBeat watchlists, some companies that other Mainstreet Equity investors own include mdf commerce (MDF) , Birchcliff Energy (BIR) , B2Gold (BTO) , A and W Revenue Royalties Income Fund (AW.UN) , Canadian Tire (CTC.A) , Canada Goose (GOOS) , Loblaw Companies (L) , Artis Real Estate Investment Trust Unit (AX.UN) , Bank of America (BAC) and Boardwalk REIT (BEI.UN) .

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 .

TSE:MEQ

Mainstreet Equity (MEQ) Stock Price, News & Analysis

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Free MEQ Stock Alerts

C$185.08

-3.66 (-1.94%)

(As of 04/19/2024 ET)

Compare

Today's Range: C$185.08
▼
C$188.00
50-Day Range: C$165.55
▼
C$192.99
52-Week Range: C$125.55
▼
C$194.57

Volume: 3,970 shs
Average Volume: 2,902 shs
Market Capitalization: C$1.72 billion

P/E Ratio: 10.57
Dividend Yield: 0.06%
Price Target: C$175.00

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines

Get Mainstreet Equity alerts:

Mainstreet Equity MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 5.4% 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.

1.03 out of 5 stars

1.5

Analyst's Opinion

Consensus Rating
Mainstreet Equity has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Mainstreet Equity has only been the subject of 1 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for MEQ.

0.8

Dividend Strength

Dividend Yield
Mainstreet Equity has a dividend yield of 0.06%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Mainstreet Equity does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Mainstreet Equity is 0.63%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MEQ.

3.2

News and Social Media Coverage

News Sentiment
Mainstreet Equity has a news sentiment score of 0.80. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.55 average news sentiment score of Real Estate companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Mainstreet Equity this week, compared to 0 articles on an average week.
Search Interest
1 people have searched for MEQ on MarketBeat in the last 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Mainstreet Equity insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$1,043,200.00 in company stock.
Percentage Held by Insiders
48.94% of the stock of Mainstreet Equity is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 19.16% of the stock of Mainstreet Equity is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Mainstreet Equity is 10.57, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.18.
Price to Earnings Ratio vs. Sector
The P/E ratio of Mainstreet Equity is 10.57, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 202.76.
Price to Book Value per Share Ratio
Mainstreet Equity has a P/B Ratio of 1.24. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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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

30 days | 90 days | 365 days | Advanced Chart

MEQ Stock News Headlines

April 11, 2024 | americanbankingnews.com

Mainstreet Equity (TSE:MEQ) Shares Pass Above 200 Day Moving Average of $153.59

February 10, 2024 | morningstar.com

Mainstreet Equity Corp MEQ

April 20, 2024 | American Alternative (Ad)

Your Money is Not Safe

February 9, 2024 | seekingalpha.com

Main Street Capital: Attractive Yield And Valuation

February 7, 2024 | theglobeandmail.com

Market movers: Why PD-T, CVO-T, MEQ-T and more stocks saw action on Tuesday

February 7, 2024 | baystreet.ca

Enterprise, Mainstreet, Queen’s Road at 52-Week Highs on News

February 6, 2024 | msn.com

Enterprise, Mainstreet, Queen's Road at 52-Week Highs on News

January 30, 2024 | wsj.com

Mainstreet Equity Corp.

April 20, 2024 | American Alternative (Ad)

Your Money is Not Safe

January 17, 2024 | msn.com

Main Street Capital estimates near record net investment income in Q4

January 9, 2024 | finance.yahoo.com

Mainstreet Equity Corp. Announces Quarterly Dividend for period ending December 31, 2023

December 5, 2023 | finance.yahoo.com

Mainstreet Equity Corp Achieved 24 Years of Continued Double-digit Growth Across Key Metrics

November 14, 2023 | seekingalpha.com

Main Street Capital: Well-Deserved Premium For This Leading BDC

August 28, 2023 | finance.yahoo.com

Is Now The Time To Look At Buying Mainstreet Equity Corp. (TSE:MEQ)?

July 31, 2023 | finance.yahoo.com

Here's Why Mainstreet Equity (TSE:MEQ) Has Caught The Eye Of Investors

July 22, 2023 | theglobeandmail.com

Mainstreet Equity: Stocks Undervalued by Analyst Consensus on TSX (MEQ)

July 21, 2023 | baystreet.ca

Wholesale Trade on Next Week’s Agenda

July 17, 2023 | finance.yahoo.com

Individual investors own 31% of Mainstreet Equity Corp. (TSE:MEQ) shares but private companies control 41% of the company

July 13, 2023 | seekingalpha.com

Main Street Capital's private loan portfolio activity jumps in Q2

June 30, 2023 | finance.yahoo.com

Mainstreet Equity (TSE:MEQ) shareholders have earned a 25% CAGR over the last five years

June 13, 2023 | finance.yahoo.com

Taking A Look At Mainstreet Equity Corp.'s (TSE:MEQ) ROE

May 31, 2023 | ca.finance.yahoo.com

Stocks in play: Mainstreet Equity Corp

May 9, 2023 | msn.com

Mainstreet Equity reports Q2 results

April 22, 2023 | seekingalpha.com

MEQ:CA Mainstreet Equity Corp.

March 21, 2023 | finance.yahoo.com

Should You Investigate Mainstreet Equity Corp. (TSE:MEQ) At CA$126?

March 3, 2023 | finance.yahoo.com

It Looks Like The CEO Of Mainstreet Equity Corp. (TSE:MEQ) May Be Underpaid Compared To Peers

February 6, 2023 | finance.yahoo.com

Mainstreet Equity Corp.'s (TSE:MEQ) largest shareholders are private companies who were rewarded as market cap surged CA$91m last week

See More Headlines

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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: 4/20/2024
Dividend Payable: 4/30/2024
Next Earnings (Estimated): 5/14/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Real Estate
Industry: Real Estate Services
Sub-Industry: N/A
Current Symbol: TSE:MEQ
CUSIP: N/A
CIK: N/A
Web: mainst.biz
Phone: +1-403-2156060
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: -5.4%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$17.51
Trailing P/E Ratio: 10.57
Forward P/E Ratio: 27.17
P/E Growth: N/A
Net Income: C$162.96 million
Net Margins: 74.24%
Pretax Margin: N/A
Return on Equity: 12.47%
Return on Assets: 2.38%

Debt

Debt-to-Equity Ratio: 119.54
Current Ratio: 1.00
Quick Ratio: 0.81

Sales & Book Value

Annual Sales: C$219.51 million
Price / Sales: 7.86
Cash Flow: C$7.09 per share
Price / Cash Flow: 26.09
Book Value: C$148.92 per share
Price / Book: 1.24

Miscellaneous

Outstanding Shares: 9,320,000
Free Float: N/A
Market Cap: C$1.72 billion
Optionable: Not Optionable
Beta: 1.55

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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

Key Competitors

View All Competitors

Insiders

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 year. 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 brokers have issued 12-month target prices for Mainstreet Equity's shares. 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 5.4%.
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 shares have increased by 26.7% and is now trading at C$185.08.
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) issued its quarterly earnings data on Tuesday, February, 6th. The company reported $7.36 earnings per share for the quarter, beating the consensus estimate of $2.04 by $5.32. The business had revenue of $58.34 million for the quarter, compared to analyst estimates 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 announced a quarterly dividend on Thursday, April 11th. Investors of record on Tuesday, April 16th will be given a dividend of 0.027 per share on Tuesday, April 30th. This represents a $0.11 annualized dividend and a dividend yield of 0.06%. The ex-dividend date 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?: Based on aggregate information from My MarketBeat watchlists, some companies that other Mainstreet Equity investors own include mdf commerce (MDF), Birchcliff Energy (BIR), B2Gold (BTO), A and W Revenue Royalties Income Fund (AW.UN), Canadian Tire (CTC.A), Canada Goose (GOOS), Loblaw Companies (L), Artis Real Estate Investment Trust Unit (AX.UN), Bank of America (BAC) and Boardwalk REIT (BEI.UN).
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 4/20/2024 by MarketBeat.com Staff

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Mainstreet Equity (MEQ) Stock Price, News & Analysis

Mainstreet Equity MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About Mainstreet Equity Stock (TSE:MEQ)

MEQ Stock Price History

MEQ Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

MEQ Stock Analysis - Frequently Asked Questions

Overall MarketRank^™