Glen Fuller Acquires 10,000 Shares of Mackenzie Realty Capital (NASDAQ:MKZR) Stock

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Treasurer Glen Fuller bought 10,000 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were bought at an average cost of $1.59 per share, with a total value of $15,900.00. Following the purchase, the treasurer directly owned 76,600 shares of the company’s stock, valued at approximately $121,794. This represents a 15.02% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Mackenzie Realty Capital Trading Up 2.0%

Shares of Mackenzie Realty Capital stock opened at $1.55 on Wednesday. Mackenzie Realty Capital, Inc. has a twelve month low of $0.83 and a twelve month high of $6.99. The firm has a market capitalization of $3.50 million, a PE ratio of -0.25 and a beta of -0.76. The firm’s 50-day moving average price is $1.73 and its 200 day moving average price is $2.84.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Mackenzie Realty Capital in a report on Monday, July 6th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MKZR. Citadel Advisors LLC purchased a new stake in shares of Mackenzie Realty Capital in the third quarter valued at approximately $58,000. Geode Capital Management LLC lifted its position in Mackenzie Realty Capital by 33.1% during the fourth quarter. Geode Capital Management LLC now owns 21,415 shares of the company’s stock worth $87,000 after buying an additional 5,331 shares in the last quarter. Jane Street Group LLC purchased a new position in Mackenzie Realty Capital during the fourth quarter worth approximately $93,000. Concorde Asset Management LLC lifted its position 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 worth $111,000 after buying an additional 3,360 shares in the last quarter. Finally, Quinn Opportunity Partners LLC acquired a new position in Mackenzie Realty Capital during the fourth quarter worth $168,000.

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.