Mackenzie Realty Capital (NASDAQ:MKZR) CEO Purchases $18,200.00 in Stock

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) CEO Robert Dixon acquired 5,000 shares of the business’s stock in a transaction on Tuesday, February 24th. The stock was purchased at an average price of $3.64 per share, for a total transaction of $18,200.00. Following the acquisition, the chief executive officer directly owned 44,241 shares in the company, valued at $161,037.24. This represents a 12.74% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Mackenzie Realty Capital Trading Up 9.1%

MKZR stock traded up $0.33 during midday trading on Wednesday, hitting $3.95. 15,495 shares of the company’s stock were exchanged, compared to its average volume of 32,345. The firm has a 50 day moving average price of $4.22 and a 200-day moving average price of $4.74. Mackenzie Realty Capital, Inc. has a 12-month low of $3.26 and a 12-month high of $21.50. The stock has a market capitalization of $7.78 million, a price-to-earnings ratio of -0.40 and a beta of -1.11.

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

Institutional Investors Weigh In On Mackenzie Realty Capital

A number of institutional investors have recently bought and sold shares of the business. Quinn Opportunity Partners LLC acquired a new stake in shares of Mackenzie Realty Capital during the 4th quarter valued at $168,000. Concorde Asset Management LLC raised its holdings 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 worth $111,000 after acquiring an additional 3,360 shares in the last quarter. Jane Street Group LLC acquired a new stake in Mackenzie Realty Capital during the fourth quarter valued at $93,000. Geode Capital Management LLC grew its stake in Mackenzie Realty Capital by 33.1% in the fourth quarter. Geode Capital Management LLC now owns 21,415 shares of the company’s stock valued at $87,000 after purchasing an additional 5,331 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new position in Mackenzie Realty Capital in the 3rd quarter worth about $58,000.

Analyst Ratings Changes

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