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Investor Insights

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

Mainstreet Equity Corp (MEQ-T) has received positive reviews from multiple experts who are bullish on the company's performance. The company has seen strong growth in its net operating income, rental revenue, and occupancy rates. It has also raised its dividend and demonstrated strong execution in terms of growth and profitability. However, some analysts have highlighted concerns about the company's lofty valuations, but overall, the sentiment is positive and optimistic about the company's future prospects.

Consensus
Bullish
Valuation
Fair Value
Similar
WPT-T, WPT Industrial Real Estate Investment Trust-T
BUY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

EPS of $12.18 beat estimates of $2.4 and sales of $66.9M missed estimates of $69.27M. It raised its dividend by 45% to $0.04 per share, and net operating income rose 24% in the quarter. Rental revenue from operations rose 20%, and the vacancy rate fell to 3.4% from 4.3% last year. While the results were strong, and growth remains at high levels, there was an analyst downgrade due to its lofty valuations (24X forward earnings). Its valuation has mostly remained flat over the past couple of years, but the company has executed well on growth and profitability. Given its continued execution, we would be comfortable with an entry point around $195 to $200. 
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property mngmnt / investment
PAST TOP PICK
(A Top Pick Jul 04/23, Up 48%)

Excellent company with strong prospects. Will continue to own. Founder led, with lots of skin in the game. Demand of housing expected to keep growing. Does not lose any sleep over company. Mid-market apartments also continue to grow. No rent control in Western Canada - helps increase profits. Lots of "blue sky" to keep growing. 

property mngmnt / investment
PAST TOP PICK
(A Top Pick Jul 04/23, Up 39%)

Core holding in portfolio. Very strong asset base. Sharp management with founder who has lots of skin in the game (~50%). Excellent quarter with higher revenue and cash flow. New M&A - bought ~600 apartment as sellers wanted to sell before capital gains tax . Expecting 20,000 apartments by the end of the year. One of the best compounding companies in Canada. 

property mngmnt / investment
TOP PICK

Has pulled back to a fair valuation for a phenomenal compounder. It's not a REIT, but a real estate corporation. So, they retain their capital to do deals. (REITs don't retain capital, so are stuck when there's a downturn.) MEQ buys smaller mid-market apartments, competing with mom-and-pop operators, not REITs. MEQ is counter-cyclical, and pays strong returns on time.

(Analysts’ price target is $205.00)
property mngmnt / investment
BUY

What's great is the growth without having to raise equity. Corporation, not a REIT, so it can hold onto cashflow to reinvest. Whereas REITs have to pay it all out. Still upside. Generating superior income from its current cycle of increasing rents.

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 29.8%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with MEQ has triggered its stop at $175.  To remain disciplined, we recommend covering the position at this time.  When combined with our previous recommendations, this will result in a net investment gain of 28%.  

property mngmnt / investment
PAST TOP PICK
(A Top Pick Jul 04/23, Up 33%)

It is under-followed since it hasn't raised money in over 20 years. It buys and manages small and mid-size apartment buildings in Western Canada. Its number of apartments has grown substantially and continues to grow. It has a record high number of units rented as well as record high rents. The CEO is excellent and owns half the business.

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 37.7%)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 $155) to $175 at this time.

property mngmnt / investment
HOLD

Really likes it, though illiquid. Adept at growing portfolio base and NAV, despite not having to issue any equity, the holy grail of real estate. Really likes Canadian western apartment markets, especially where no rent control. Rents go higher, and so NAV goes higher.

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 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
Showing 1 to 15 of 94 entries

Mainstreet Equity Corp(MEQ-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 10

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 11

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, 11 stock analysts published opinions about MEQ-T. 10 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?

11 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 2024-12-13, Mainstreet Equity Corp (MEQ-T) stock closed at a price of $212.58.