Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Short Interest Update

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) was the target of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 8,024 shares, a decline of 40.7% from the April 15th total of 13,521 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average trading volume of 24,397 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Mackenzie Realty Capital in a report on Wednesday, April 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Insider Activity

In related news, CEO Robert E. Dixon bought 10,000 shares of the stock in a transaction that occurred on Monday, April 6th. The shares were acquired at an average price of $3.50 per share, with a total value of $35,000.00. Following the completion of the transaction, the chief executive officer owned 54,241 shares in the company, valued at $189,843.50. The trade was a 22.60% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Mackenzie Realty Capital

Several institutional investors have recently made changes to their positions in MKZR. Citadel Advisors LLC bought a new stake in shares of Mackenzie Realty Capital in the third quarter valued at approximately $58,000. Geode Capital Management LLC raised its position in Mackenzie Realty Capital by 33.1% during 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. Jane Street Group LLC acquired a new position in Mackenzie Realty Capital during the fourth quarter valued at approximately $93,000. Concorde Asset Management LLC raised its position in 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 purchasing an additional 3,360 shares in the last quarter. Finally, Quinn Opportunity Partners LLC acquired a new position in Mackenzie Realty Capital during the fourth quarter valued at approximately $168,000.

Mackenzie Realty Capital Trading Up 4.9%

Shares of NASDAQ:MKZR traded up $0.11 during trading on Friday, reaching $2.35. 47,774 shares of the stock were exchanged, compared to its average volume of 25,315. Mackenzie Realty Capital has a 12 month low of $2.22 and a 12 month high of $16.90. The firm has a market cap of $4.63 million, a PE ratio of -0.24 and a beta of -1.05. The stock has a 50-day moving average price of $3.33 and a 200-day moving average price of $3.92.

Mackenzie Realty Capital (NASDAQ:MKZR) last issued its quarterly earnings results on Friday, May 15th. The company reported ($0.98) earnings per share (EPS) for the quarter. The company 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 18.74%.

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.