Mackenzie Realty Capital (NASDAQ:MKZR) CEO Robert Dixon Buys 10,000 Shares

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) CEO Robert Dixon bought 10,000 shares of the business’s stock in a transaction dated Monday, April 6th. The stock was acquired at an average cost of $3.50 per share, for a total transaction of $35,000.00. Following the completion of the acquisition, the chief executive officer directly owned 54,241 shares in the company, valued at approximately $189,843.50. This trade represents a 22.60% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Mackenzie Realty Capital Trading Up 1.5%

Shares of Mackenzie Realty Capital stock traded up $0.05 during trading on Tuesday, reaching $3.44. The company’s stock had a trading volume of 4,514 shares, compared to its average volume of 25,942. The company has a 50-day moving average price of $3.85 and a two-hundred day moving average price of $4.34. The firm has a market cap of $6.78 million, a PE ratio of -0.35 and a beta of -1.01. Mackenzie Realty Capital, Inc. has a fifty-two week low of $3.25 and a fifty-two week high of $16.90.

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

Institutional Investors Weigh In On Mackenzie Realty Capital

Several institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its position in shares of Mackenzie Realty Capital by 1.6% during the 2nd 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 in the last quarter. Concorde Asset Management LLC boosted 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 worth $111,000 after buying an additional 3,360 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of Mackenzie Realty Capital in the 3rd quarter worth about $58,000. Jane Street Group LLC purchased a new stake in shares of Mackenzie Realty Capital in the 4th quarter worth about $93,000. Finally, Quinn Opportunity Partners LLC purchased a new stake in shares of Mackenzie Realty Capital in the 4th quarter worth about $168,000.

Analyst Ratings Changes

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

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.