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Investor Insights

This summary was created by AI, based on 13 opinions in the last 12 months.

Mainstreet Equity Corp (MEQ) has received positive reviews from experts, indicating a progressive growth in its performance. The company has achieved its targets and continues to make disciplined decisions regarding its investments. With consistent revenue growth, cash reserves, and share buybacks, MEQ is seen as a promising long-term investment with potential for upside.

Consensus
Positive
Valuation
Undervalued
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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Oct 31/23, Up 29%)Stockchase Research Editor: Michael O’Reilly

Our PAST TOP PICK with MEQ is progressing well.  To be disciplined, we recommend trailing up the stop to $155 at this time.

property mngmnt / investment
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Oct 31/23, Up 24.6%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with MEQ has achieved its $166 target.  To remain disciplined, we recommend covering half the position at this time and trailing up the stop (from $136) to $151.

property mngmnt / investment
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Oct 31/23, Up 11.8%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with MEQ is progressing well.  At this time we recommend trailing up the stop (from $125) to $136 to remain disciplined.  

property mngmnt / investment
BUY ON WEAKNESS

Thinks highly of CEO. Great example of building a great business by investing in accretive acquisitions instead of paying out a distribution. Discount to NAV. Migration into Alberta is a great story. No dividend.

property mngmnt / investment
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly

We reiterate this Calgary based multi-family property manager -- a play on the recovery of the Alberta economy.  We like that cash reserves are growing, while debt is retired and shares are bought back.  It still trades under book value.  We continue to recommend a stop at $125, looking to achieve $166 -- upside potential of 22%.  Yield 0%   

(Analysts’ price target is $166.67)
property mngmnt / investment
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly

We again reiterate MEQ as a TOP PICK.  Latest earnings reported income up 22%, on a 18% increase in revenues -- meaning margins are growing despite inflationary pressures.  We like that cash reserves are growing, while debt is retired and shares bought back.   We continue to recommend a stop at $125, looking to achieve $166 -- upside potential of 21%.  Yield 0%. 

(Analysts’ price target is $166.67)
property mngmnt / investment
BUY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

MEQ operates as a real estate corporation focusing on managing residential rental apartments and is now trading at 27.6x times' Forward P/E, but only at 1.0x Book value. In the last five years, MEQ’s revenue growth has been quite consistent, around 12% on average. Like other real estate companies, the balance sheet is leveraged, with net debt of $1.5B. The net debt/EBITDA is currently around 14.5x. MEQ reinvested heavily into acquiring new properties. As a result, the company has had no dividend payments and limited shares repurchase over the last few years.

We think MEQ has the potential to be a compounder, trading at 1.0x Book value is also an attractive valuation, but the leverage levels need to be monitored carefully, as the debt is quite high. We would be comfortable with this name for a three-year+ timeframe given its cheap valuation and consistent revenue growth.
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property mngmnt / investment
TOP PICK

Very well run with a long track record. Is one of the best compounding stocks in Canada that nobody knows. It returns 20% annually for the last 20 years. They played Covid perfectly by buying companies and locking in their debt at 2% over 10 years. Are well positioned given Canada's housing shortages with low vacancies and more immigrants coming.

(Analysts’ price target is $163.33)
property mngmnt / investment
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly

We reiterate MEQ, with a portfolio of over 15,000 residential units in Western Canada, as a TOP PICK.  Recently reported earnings showed double digit growth for the sixth consecutive quarter for all of its key growth metrics.  Funds from operations were up 25%.  Cash reserves grew, while retiring debt and buying back shares.  We continue to recommend a stop at $125, looking to achieve $163 -- upside potential of 19%.  Yield 0%     

property mngmnt / investment
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Mar 23/23, Up 6%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with MEQ is progressing well.  To remain disciplined, we recommend trailing up the stop (from $105) to $125 at this time. 

property mngmnt / investment
BUY

Attractive long-term assets. Calgary-Edmonton based. Active in their portfolios. Looks extremely good from an ROC metric. Pay attention to the apartment sector, it's a good one right now.

property mngmnt / investment
HOLD

Likes it. Corporation, not a REIT, so it's able to retain cashflow instead of paying a distribution. Has grown well without issuing any equity. May have traded off because it reached NAV. Solid operator. Keep holding.

property mngmnt / investment
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O’Reilly

MEQ operates 15,800 multi-family rental units in Western Canada.  Recently reported income beat expectations for the fifth consecutive quarter as funds from operations were up 26%.  The company reports it is benefitting from the rising immigration to Canada, especially in Alberta and BC.  It trades under book value an at 10x earnings.  We recommend a stop-loss at $105, looking to achieve $162 — upside potential over 27%.  Yield 0% 

(Analysts’ price target is $161.67)
property mngmnt / investment
BUY ON WEAKNESS
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.

MEQ continues to chug along, producing fairly steady EPS growth. 
With a 16% YTD gain, the stock is somewhat expensive for the sector, at 22X earnings. 
It is likely getting more attention as market cap has breached $1B, and there are few non-REIT real estate plays in Canada. 
There is no dividend but three analysts cover it. 
Insiders own 50% and are certainly committed. 
Revenue rose 13% last year and vacancies improved. 
Debt is quite high, but shares have done very well: up more than 6-fold since 2016. 
We would consider it expensive, but otherwise pretty good for a real estate stock.   
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property mngmnt / investment
PAST TOP PICK
(A Top Pick Mar 01/22, Up 2%)

Specializes in acquiring and managing small apartment buildings in Western Canada.
Not a REIT, rather a corporation that retains capital.
16,000 doors currently with minimal equity dilution.
18% compound rate of return.
Sub 2% debt levels that were guaranteed at low interest rate levels. 
Rental rate increases will positively affect business. 

property mngmnt / investment
Showing 1 to 15 of 85 entries

Mainstreet Equity Corp(MEQ-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 7

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 8

Stockchase rating for Mainstreet Equity Corp is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Mainstreet Equity Corp(MEQ-T) Frequently Asked Questions

What is Mainstreet Equity Corp stock symbol?

Mainstreet Equity Corp is a Canadian stock, trading under the symbol MEQ-T on the Toronto Stock Exchange (MEQ-CT). It is usually referred to as TSX:MEQ or MEQ-T

Is Mainstreet Equity Corp a buy or a sell?

In the last year, 8 stock analysts published opinions about MEQ-T. 7 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Mainstreet Equity Corp.

Is Mainstreet Equity Corp a good investment or a top pick?

Mainstreet Equity Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Mainstreet Equity Corp.

Why is Mainstreet Equity Corp stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Mainstreet Equity Corp worth watching?

8 stock analysts on Stockchase covered Mainstreet Equity Corp In the last year. It is a trending stock that is worth watching.

What is Mainstreet Equity Corp stock price?

On 2024-03-18, Mainstreet Equity Corp (MEQ-T) stock closed at a price of $189.32.