Mainstreet Equity Corp. (TSE:MEQ) shares hit a new 52-week high on Friday . The stock traded as high as C$45.44 and last traded at C$45.43, with a volume of 9312 shares trading hands. The stock had previously closed at C$43.20.
Separately, TD Securities boosted their target price on shares of Mainstreet Equity from C$44.00 to C$48.00 and gave the company a “hold” rating in a research note on Wednesday, May 9th.
Mainstreet Equity (TSE:MEQ) last announced its earnings results on Tuesday, May 8th. The company reported C$1.13 earnings per share for the quarter, beating the consensus estimate of C$0.70 by C$0.43. Mainstreet Equity had a net margin of 12.71% and a return on equity of 2.03%. The firm had revenue of C$28.33 million during the quarter, compared to the consensus estimate of C$28.88 million.
Mainstreet Equity Company Profile
Mainstreet Equity Corp., a real estate corporation, engages in the acquisition, divestiture, value-enhancement, and management of multi-family residential properties primarily in Western Canada. The company owns a portfolio of mid-market rental apartment buildings in Vancouver lower mainland, Calgary and Southern Alberta, Edmonton, and Saskatoon.