Short Interest in Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Declines By 48.9%

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 9,810 shares, a decline of 48.9% from the July 15th total of 19,213 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 40,957 shares, the days-to-cover ratio is currently 0.2 days.

Mackenzie Realty Capital Stock Down 3.7%

NASDAQ:MKZR traded down $0.06 during trading hours on Monday, reaching $1.56. The company had a trading volume of 8,598 shares, compared to its average volume of 42,198. The stock has a 50-day moving average of $1.69 and a two-hundred day moving average of $2.78. Mackenzie Realty Capital has a one year low of $0.83 and a one year high of $6.99. The firm has a market capitalization of $3.53 million, a PE ratio of -0.25 and a beta of -0.76.

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

Insider Buying and Selling at Mackenzie Realty Capital

In other Mackenzie Realty Capital news, Treasurer Glen W. Fuller acquired 23,400 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was bought at an average price of $1.60 per share, for a total transaction of $37,440.00. Following the purchase, the treasurer owned 100,000 shares in the company, valued at $160,000. This represents a 30.55% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Robert E. Dixon acquired 23,400 shares of Mackenzie Realty Capital stock in a transaction dated Monday, August 10th. The shares were acquired at an average cost of $1.60 per share, with a total value of $37,440.00. Following the completion of the acquisition, the chief executive officer directly owned 100,000 shares in the company, valued at $160,000. This trade represents a 30.55% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 100,200 shares of company stock valued at $160,020 in the last 90 days. 6.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Mackenzie Realty Capital

Hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings 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 in the last quarter. Concorde Asset Management LLC increased its holdings in Mackenzie Realty Capital by 14.1% during the 4th quarter. Concorde Asset Management LLC now owns 27,240 shares of the company’s stock valued at $111,000 after purchasing an additional 3,360 shares in the last quarter. Citadel Advisors LLC bought a new position in Mackenzie Realty Capital in the 3rd quarter valued at $58,000. Jane Street Group LLC bought a new position in Mackenzie Realty Capital in the 4th quarter valued at $93,000. Finally, Quinn Opportunity Partners LLC acquired a new position in Mackenzie Realty Capital in the fourth quarter worth $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 Monday, July 6th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus 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.