Charles Patterson II Purchases 10,000 Shares of Mackenzie Realty Capital (NASDAQ:MKZR) Stock

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) General Counsel Charles Patterson II bought 10,000 shares of the stock in a transaction that occurred on 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 completion of the purchase, the general counsel directly owned 76,600 shares in the company, valued at $121,794. This represents a 15.02% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Mackenzie Realty Capital Price Performance

Shares of NASDAQ MKZR opened at $1.55 on Wednesday. The company has a market cap of $3.50 million, a price-to-earnings ratio of -0.25 and a beta of -0.76. The stock’s 50-day moving average is $1.73 and its two-hundred day moving average is $2.84. Mackenzie Realty Capital, Inc. has a 1-year low of $0.83 and a 1-year high of $6.99.

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

Analysts Set New Price Targets

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

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 the business. Geode Capital Management LLC raised its holdings in Mackenzie Realty Capital by 1.6% during the second quarter. Geode Capital Management LLC now owns 158,105 shares of the company’s stock worth $104,000 after purchasing an additional 2,530 shares in the last quarter. Concorde Asset Management LLC lifted its position in Mackenzie Realty Capital by 14.1% in the fourth quarter. Concorde Asset Management LLC now owns 27,240 shares of the company’s stock valued at $111,000 after acquiring an additional 3,360 shares during the last quarter. Citadel Advisors LLC acquired a new position in Mackenzie Realty Capital in the third quarter valued at $58,000. Jane Street Group LLC acquired a new position in Mackenzie Realty Capital in the fourth quarter valued at $93,000. Finally, Quinn Opportunity Partners LLC purchased a new position in shares of Mackenzie Realty Capital during the fourth quarter worth about $168,000.

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.