Mainstreet Equity (TSE:MEQ) Cut to “Hold” at Atb Cap Markets

Atb Cap Markets lowered shares of Mainstreet Equity (TSE:MEQ) from a strong-buy rating to a hold rating in a research note issued to investors on Thursday,Zacks.com reports.

Mainstreet Equity Price Performance

Shares of MEQ opened at C$201.91 on Thursday. The company has a market cap of C$1.88 billion, a price-to-earnings ratio of 14.95 and a beta of 1.63. Mainstreet Equity has a 1-year low of C$141.17 and a 1-year high of C$216.37. The company’s fifty day simple moving average is C$201.05 and its 200 day simple moving average is C$188.39. The company has a current ratio of 0.40, a quick ratio of 0.81 and a debt-to-equity ratio of 117.76.

Mainstreet Equity Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 17th were issued a dividend of $0.027 per share. The ex-dividend date was Thursday, October 17th. This represents a $0.11 dividend on an annualized basis and a yield of 0.05%. Mainstreet Equity’s payout ratio is 0.81%.

About Mainstreet Equity

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.