Mackenzie Realty Capital (NASDAQ:MKZR) Announces Quarterly Earnings Results

Mackenzie Realty Capital (NASDAQ:MKZR) announced its quarterly earnings results on Tuesday. The company reported ($2.97) earnings per share for the quarter, Zacks reports.

Mackenzie Realty Capital Stock Up 0.5%

Shares of Mackenzie Realty Capital stock traded up $0.02 during trading on Tuesday, reaching $3.90. The company’s stock had a trading volume of 9,249 shares, compared to its average volume of 35,482. The business’s 50-day moving average price is $4.22 and its 200-day moving average price is $4.78. Mackenzie Realty Capital has a 52 week low of $3.26 and a 52 week high of $24.20. The firm has a market cap of $7.22 million, a PE ratio of -0.36 and a beta of -1.12.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Quinn Opportunity Partners LLC acquired a new stake in shares of Mackenzie Realty Capital in the fourth quarter valued at approximately $168,000. 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 valued at $111,000 after purchasing an additional 3,360 shares in the last quarter. Jane Street Group LLC acquired a new position in Mackenzie Realty Capital during the fourth quarter worth about $93,000. Geode Capital Management LLC boosted its position in 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 buying an additional 2,530 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in Mackenzie Realty Capital during the 3rd quarter worth $58,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Mackenzie Realty Capital in a research note on Friday, January 9th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

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.