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

Mackenzie Realty Capital (NASDAQ:MKZR) announced its earnings results on Friday. The company reported ($0.98) earnings per share for the quarter, FiscalAI reports. Mackenzie Realty Capital had a negative net margin of 122.81% and a negative return on equity of 23.62%. The business had revenue of $6.13 million for the quarter.

Mackenzie Realty Capital Trading Up 4.9%

NASDAQ:MKZR traded up $0.11 during mid-day trading on Friday, hitting $2.35. 47,774 shares of the company’s stock traded hands, compared to its average volume of 23,689. The firm has a 50 day moving average of $3.33 and a two-hundred day moving average of $3.92. Mackenzie Realty Capital has a 12 month low of $2.22 and a 12 month high of $16.90. The firm has a market capitalization of $4.63 million, a price-to-earnings ratio of -0.24 and a beta of -1.05.

Insiders Place Their Bets

In other Mackenzie Realty Capital news, CEO Robert E. Dixon bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The stock was purchased at an average price of $3.50 per share, for a total transaction of $35,000.00. Following the purchase, the chief executive officer directly owned 54,241 shares in the company, valued at $189,843.50. This trade represents a 22.60% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 6.30% of the stock is currently owned by insiders.

Institutional Trading of Mackenzie Realty Capital

A number of hedge funds have recently modified their holdings of the company. Geode Capital Management LLC lifted its position in shares of Mackenzie Realty Capital by 1.6% in the 2nd 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 during the period. Concorde Asset Management LLC lifted 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 acquiring an additional 3,360 shares during the period. Citadel Advisors LLC bought a new stake in shares of Mackenzie Realty Capital in the 3rd quarter worth approximately $58,000. Jane Street Group LLC bought a new stake in shares of Mackenzie Realty Capital in the 4th quarter worth approximately $93,000. Finally, Quinn Opportunity Partners LLC bought a new stake in shares of Mackenzie Realty Capital in the 4th quarter worth approximately $168,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Mackenzie Realty Capital in a research note on Wednesday, April 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

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.