Robert Dixon Purchases 5,000 Shares of Mackenzie Realty Capital (NASDAQ:MKZR) Stock

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) CEO Robert Dixon purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was bought at an average cost of $3.64 per share, with a total value of $18,200.00. Following the purchase, the chief executive officer owned 44,241 shares of the company’s stock, valued at $161,037.24. This represents a 12.74% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Mackenzie Realty Capital Stock Up 1.3%

Shares of Mackenzie Realty Capital stock opened at $3.90 on Friday. Mackenzie Realty Capital, Inc. has a 12-month low of $3.26 and a 12-month high of $21.50. The company has a market capitalization of $7.68 million, a price-to-earnings ratio of -0.40 and a beta of -1.11. The firm’s 50-day moving average price is $4.22 and its two-hundred day moving average price is $4.73.

Mackenzie Realty Capital (NASDAQ:MKZR) last issued its quarterly earnings results on Tuesday, February 17th. The company reported ($2.97) earnings per share for the quarter. The firm had revenue of $4.59 million for the quarter. Mackenzie Realty Capital had a negative return on equity of 23.62% and a negative net margin of 122.81%.

Hedge Funds Weigh In On Mackenzie Realty Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in MKZR. Geode Capital Management LLC grew its stake in shares of 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 buying an additional 2,530 shares during the last quarter. Legacy Wealth Managment LLC ID boosted its holdings in shares of Mackenzie Realty Capital by 7.1% during the 2nd quarter. Legacy Wealth Managment LLC ID now owns 125,366 shares of the company’s stock valued at $84,000 after acquiring an additional 8,268 shares in the last quarter. Savvy Advisors Inc. boosted its holdings in shares of Mackenzie Realty Capital by 494.1% during the 2nd quarter. Savvy Advisors Inc. now owns 87,133 shares of the company’s stock valued at $58,000 after acquiring an additional 72,467 shares in the last quarter. Quinn Opportunity Partners LLC bought a new stake in Mackenzie Realty Capital during the 4th quarter worth $168,000. Finally, Concorde Asset Management LLC increased its holdings in Mackenzie Realty Capital by 14.1% in the 4th quarter. Concorde Asset Management LLC now owns 27,240 shares of the company’s stock worth $111,000 after purchasing an additional 3,360 shares in the last quarter.

Analyst Upgrades and Downgrades

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