Mackenzie Realty Capital (NASDAQ:MKZR) Posts Quarterly Earnings Results

Mackenzie Realty Capital (NASDAQ:MKZR) posted its quarterly earnings data on Tuesday. The company reported ($2.97) earnings per share (EPS) for the quarter, Zacks reports.

Mackenzie Realty Capital Trading Up 0.5%

Shares of MKZR traded up $0.02 on Tuesday, reaching $3.90. 9,249 shares of the company’s stock were exchanged, compared to its average volume of 35,482. The business has a 50 day moving average price of $4.22 and a two-hundred day moving average price of $4.78. Mackenzie Realty Capital has a 12 month low of $3.26 and a 12 month high of $24.20. The stock has a market capitalization of $7.22 million, a P/E ratio of -0.36 and a beta of -1.12.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Mackenzie Realty Capital in a report on Friday, January 9th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Hedge Funds Weigh In On Mackenzie Realty Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quinn Opportunity Partners LLC bought a new position in shares of Mackenzie Realty Capital during the fourth quarter worth $168,000. Concorde Asset Management LLC increased its position in shares of Mackenzie Realty Capital by 14.1% in the 4th quarter. Concorde Asset Management LLC now owns 27,240 shares of the company’s stock valued at $111,000 after buying an additional 3,360 shares in the last quarter. Jane Street Group LLC acquired a new stake in Mackenzie Realty Capital during the 4th quarter worth $93,000. Geode Capital Management LLC lifted its holdings in Mackenzie Realty Capital by 1.6% during the second quarter. Geode Capital Management LLC now owns 158,105 shares of the company’s stock worth $104,000 after acquiring an additional 2,530 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in Mackenzie Realty Capital during the third quarter worth about $58,000.

About Mackenzie Realty Capital

Mackenzie Realty Capital, Inc (NASDAQ:MKZR) is a real estate finance company that focuses on originating, acquiring and managing a diversified portfolio of real estate credit investments. The company’s offerings include first-lien mortgage loans, B-notes, mezzanine financing and short-term bridge loans secured by residential and small multifamily properties. By emphasizing collateral quality and short-to-medium-term maturities, Mackenzie Realty Capital aims to generate stable income streams and attractive risk-adjusted returns.

Since its initial public offering, Mackenzie Realty Capital has deployed capital across a variety of property types, including single-family rental communities, garden-style apartment complexes and mixed-use developments.