Mackenzie Realty Capital (NASDAQ:MKZR) CEO Robert Dixon Buys 10,000 Shares

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) CEO Robert Dixon acquired 10,000 shares of Mackenzie Realty Capital stock in a transaction that occurred on Friday, August 7th. The shares were bought at an average price of $1.59 per share, with a total value of $15,900.00. Following the transaction, the chief executive officer directly owned 76,600 shares in the company, valued at approximately $121,794. This trade represents a 15.02% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Mackenzie Realty Capital Stock Performance

MKZR stock opened at $1.52 on Tuesday. Mackenzie Realty Capital, Inc. has a 1 year low of $0.83 and a 1 year high of $6.99. The stock has a market capitalization of $3.44 million, a price-to-earnings ratio of -0.25 and a beta of -0.76. The stock’s fifty day moving average is $1.75 and its two-hundred day moving average is $2.86.

Mackenzie Realty Capital (NASDAQ:MKZR) last released its quarterly earnings results on Friday, May 15th. The company reported ($0.98) 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 firm had revenue of $6.13 million for the quarter.

Institutional Trading of Mackenzie Realty Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in MKZR. Geode Capital Management LLC lifted its stake in shares of Mackenzie Realty Capital by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 158,105 shares of the company’s stock worth $104,000 after acquiring an additional 2,530 shares during the period. Concorde Asset Management LLC increased its stake in shares of Mackenzie Realty Capital by 14.1% during 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 period. Citadel Advisors LLC bought a new stake in Mackenzie Realty Capital during the third quarter worth approximately $58,000. Jane Street Group LLC acquired a new stake in Mackenzie Realty Capital in the fourth quarter worth approximately $93,000. Finally, Quinn Opportunity Partners LLC bought a new position in Mackenzie Realty Capital during the 4th quarter valued at $168,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated 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 stock 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.