Robert Dixon Acquires 10,000 Shares of Mackenzie Realty Capital (NASDAQ:MKZR) Stock

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) CEO Robert Dixon purchased 10,000 shares of Mackenzie Realty Capital stock in a transaction dated Friday, August 7th. The stock was acquired at an average price of $1.59 per share, with a total value of $15,900.00. Following the acquisition, the chief executive officer owned 76,600 shares in the company, valued at approximately $121,794. This represents a 15.02% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Mackenzie Realty Capital Price Performance

Shares of NASDAQ MKZR opened at $1.55 on Wednesday. Mackenzie Realty Capital, Inc. has a 1-year low of $0.83 and a 1-year high of $6.99. The business has a fifty day moving average price of $1.73 and a 200 day moving average price of $2.84. The stock has a market capitalization of $3.50 million, a P/E ratio of -0.25 and a beta of -0.76.

Mackenzie Realty Capital (NASDAQ:MKZR) last announced its earnings results on Friday, May 15th. The company reported ($0.98) earnings per share for the quarter. The firm had revenue of $6.13 million during the quarter. Mackenzie Realty Capital had a negative net margin of 90.30% and a negative return on equity of 18.99%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Mackenzie Realty Capital in a research note on Monday, July 6th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Mackenzie Realty Capital

Institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC grew its holdings in shares of Mackenzie Realty Capital by 1.6% during the second quarter. Geode Capital Management LLC now owns 158,105 shares of the company’s stock valued at $104,000 after buying an additional 2,530 shares during the last quarter. Quinn Opportunity Partners LLC purchased a new position in Mackenzie Realty Capital in the 4th quarter worth $168,000. Concorde Asset Management LLC raised its stake in Mackenzie Realty Capital by 40.4% in the 1st quarter. Concorde Asset Management LLC now owns 38,250 shares of the company’s stock worth $139,000 after acquiring an additional 11,010 shares during the last quarter. Jane Street Group LLC acquired a new stake in Mackenzie Realty Capital during the 4th quarter worth about $93,000. Finally, Citadel Advisors LLC purchased a new stake in Mackenzie Realty Capital during the 3rd quarter valued at about $58,000.

Mackenzie Realty Capital Company Profile

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.