Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Short Interest Update

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) saw a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 7,581 shares, a decline of 24.9% from the February 26th total of 10,100 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 30,907 shares, the short-interest ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Mackenzie Realty Capital in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Hedge Funds Weigh In On Mackenzie Realty Capital

Several institutional investors have recently made changes to their positions in MKZR. Geode Capital Management LLC grew its position in shares of Mackenzie Realty Capital by 1.6% in the second quarter. Geode Capital Management LLC now owns 158,105 shares of the company’s stock valued at $104,000 after purchasing an additional 2,530 shares in the last quarter. Concorde Asset Management LLC boosted 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 during the period. Citadel Advisors LLC purchased a new position in Mackenzie Realty Capital during the third quarter worth about $58,000. Jane Street Group LLC bought a new position in Mackenzie Realty Capital in the 4th quarter worth about $93,000. Finally, Quinn Opportunity Partners LLC bought a new position in Mackenzie Realty Capital in the 4th quarter worth about $168,000.

Mackenzie Realty Capital Stock Performance

Shares of MKZR stock opened at $3.75 on Friday. Mackenzie Realty Capital has a fifty-two week low of $3.26 and a fifty-two week high of $16.90. The stock has a 50 day simple moving average of $3.99 and a two-hundred day simple moving average of $4.46. The company has a market cap of $7.39 million, a P/E ratio of -0.38 and a beta of -1.15.

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

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.