Joe Amantea Sells 1,000 Shares of Mainstreet Equity Corp. (MEQ) Stock
Mainstreet Equity Corp. (TSE:MEQ) Director Joe Amantea sold 1,000 shares of Mainstreet Equity Corp. stock in a transaction on Thursday, October 12th. The stock was sold at an average price of C$34.05, for a total transaction of C$34,050.00.
Mainstreet Equity Corp. (TSE:MEQ) last posted its quarterly earnings data on Thursday, July 20th. The company reported C($1.15) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.54 by C($1.69). Mainstreet Equity Corp. had a negative return on equity of 7.11% and a negative net margin of 38.73%. The firm had revenue of C$26.38 million for the quarter, compared to analyst estimates of C$25.90 million.
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Separately, TD Securities lifted their price target on shares of Mainstreet Equity Corp. from C$37.00 to C$39.00 and gave the stock a “hold” rating in a research report on Friday, July 21st.
Mainstreet Equity Corp. Company Profile
Mainstreet Equity Corp. is a Canada-based real estate company, which is focused on the acquisition, redevelopment, repositioning and management of mid-market rental apartment buildings. The Company is engaged in multi-family residential housing. The Company operates in four Canadian markets: Vancouver/Lower Mainland, Calgary (including the City of Lethbridge and the Town of Cochrane), Edmonton (including the City of Fort Saskatchewan) and Saskatoon.
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