Mackenzie Realty Capital (NASDAQ:MKZR) CEO Robert Dixon Acquires 23,400 Shares

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) CEO Robert Dixon purchased 23,400 shares of the stock in a transaction on Monday, August 10th. The stock was acquired at an average price of $1.60 per share, with a total value of $37,440.00. Following 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Mackenzie Realty Capital Price Performance

NASDAQ MKZR opened at $1.52 on Tuesday. The company has a market cap of $3.44 million, a P/E ratio of -0.25 and a beta of -0.76. Mackenzie Realty Capital, Inc. has a 12 month low of $0.83 and a 12 month high of $6.99. The company has a 50-day moving average of $1.75 and a 200-day moving average of $2.86.

Mackenzie Realty Capital (NASDAQ:MKZR) last released its earnings results 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 during the quarter.

Hedge Funds Weigh In On Mackenzie Realty Capital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MKZR. Citadel Advisors LLC purchased a new stake in shares of Mackenzie Realty Capital during the third quarter worth about $58,000. Geode Capital Management LLC boosted its holdings in Mackenzie Realty Capital by 33.1% in the fourth 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 purchased a new position in Mackenzie Realty Capital in the fourth quarter valued at about $93,000. Concorde Asset Management LLC grew its stake 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. Finally, Quinn Opportunity Partners LLC acquired a new stake in Mackenzie Realty Capital during the 4th quarter valued at approximately $168,000.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Mackenzie Realty Capital in a research note on Monday, July 6th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average 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.