Mackenzie Realty Capital (NASDAQ:MKZR) Treasurer Glen Fuller Purchases 23,400 Shares of Stock

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Treasurer Glen Fuller bought 23,400 shares of Mackenzie Realty Capital stock in a transaction on Monday, August 10th. The stock was acquired at an average cost of $1.60 per share, for a total transaction of $37,440.00. Following the acquisition, the treasurer owned 100,000 shares in the company, valued at approximately $160,000. This represents a 30.55% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Mackenzie Realty Capital Stock Performance

Mackenzie Realty Capital stock opened at $1.52 on Tuesday. Mackenzie Realty Capital, Inc. has a 52 week low of $0.83 and a 52 week high of $6.99. The stock has a market capitalization of $3.44 million, a P/E ratio of -0.25 and a beta of -0.76. The stock has a fifty 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. The business had revenue of $6.13 million during the quarter. Mackenzie Realty Capital had a negative net margin of 90.30% and a negative return on equity of 18.99%.

Hedge Funds Weigh In On Mackenzie Realty Capital

Hedge funds have recently made changes to their positions in the stock. Quinn Opportunity Partners LLC bought a new stake in Mackenzie Realty Capital in the fourth quarter valued at approximately $168,000. Jane Street Group LLC bought a new position in Mackenzie Realty Capital during the 4th quarter worth approximately $93,000. Citadel Advisors LLC bought a new position in Mackenzie Realty Capital during the 3rd quarter worth approximately $58,000. Concorde Asset Management LLC lifted its position in shares of Mackenzie Realty Capital by 40.4% in the 1st quarter. Concorde Asset Management LLC now owns 38,250 shares of the company’s stock worth $139,000 after purchasing an additional 11,010 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Mackenzie Realty Capital by 33.1% in the 4th quarter. Geode Capital Management LLC now owns 21,415 shares of the company’s stock worth $87,000 after purchasing an additional 5,331 shares during the period.

Wall Street Analysts Forecast Growth

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