Mackenzie Realty Capital (NASDAQ:MKZR) Shares Up 5.5% – What’s Next?

Shares of Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) shot up 5.5% during mid-day trading on Wednesday . The stock traded as high as $3.86 and last traded at $3.86. 5,847 shares traded hands during trading, a decline of 74% from the average session volume of 22,553 shares. The stock had previously closed at $3.66.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Mackenzie Realty Capital in a research note on Friday, January 9th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Mackenzie Realty Capital Price Performance

The firm’s 50-day moving average is $4.06 and its 200 day moving average is $4.54. The stock has a market cap of $7.80 million, a price-to-earnings ratio of -0.40 and a beta of -1.15.

Mackenzie Realty Capital (NASDAQ:MKZR) last released its quarterly earnings data on Tuesday, February 17th. The company reported ($2.97) EPS for the quarter. Mackenzie Realty Capital had a negative return on equity of 23.62% and a negative net margin of 122.81%.The firm had revenue of $4.83 million during the quarter.

Institutional Investors Weigh In On Mackenzie Realty Capital

Large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position 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 worth $104,000 after purchasing an additional 2,530 shares during the last quarter. Quinn Opportunity Partners LLC acquired a new stake in Mackenzie Realty Capital during the fourth quarter valued at approximately $168,000. Concorde Asset Management LLC raised its stake in Mackenzie Realty Capital by 14.1% during the fourth 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 bought a new position in Mackenzie Realty Capital during the 4th quarter worth approximately $93,000. Finally, Citadel Advisors LLC bought a new position in Mackenzie Realty Capital during the 3rd quarter worth approximately $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.