Mackenzie Realty Capital (NASDAQ:MKZR) CEO Purchases $18,200.00 in Stock

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) CEO Robert Dixon acquired 5,000 shares of Mackenzie Realty Capital stock in a transaction dated Tuesday, February 24th. The shares were acquired at an average price of $3.64 per share, with a total value of $18,200.00. Following the completion of the acquisition, the chief executive officer directly owned 44,241 shares of the company’s stock, valued at approximately $161,037.24. The trade was a 12.74% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Mackenzie Realty Capital Price Performance

MKZR opened at $4.01 on Friday. Mackenzie Realty Capital, Inc. has a fifty-two week low of $3.26 and a fifty-two week high of $21.50. The firm has a market capitalization of $7.90 million, a PE ratio of -0.41 and a beta of -1.11. The company’s 50-day moving average is $4.22 and its 200 day moving average is $4.72.

Mackenzie Realty Capital (NASDAQ:MKZR) last issued its quarterly earnings data on Tuesday, February 17th. The company reported ($2.97) EPS for the quarter. The company had revenue of $4.59 million for the quarter. Mackenzie Realty Capital had a negative return on equity of 23.62% and a negative net margin of 122.81%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated 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 data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Institutional Trading of Mackenzie Realty Capital

Institutional investors and hedge funds have recently modified their holdings of the business. Citadel Advisors LLC bought a new stake in Mackenzie Realty Capital during the third quarter worth $58,000. Geode Capital Management LLC increased its position in shares of Mackenzie Realty Capital by 33.1% during the 4th quarter. Geode Capital Management LLC now owns 21,415 shares of the company’s stock valued at $87,000 after purchasing an additional 5,331 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Mackenzie Realty Capital during the 4th quarter worth $93,000. Concorde Asset Management LLC boosted its holdings 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 during the last quarter. Finally, Quinn Opportunity Partners LLC purchased a new position in shares of Mackenzie Realty Capital in the 4th quarter worth about $168,000.

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.