Mackenzie Realty Capital (NASDAQ:MKZR) Treasurer Glen Fuller Purchases 10,000 Shares of Stock

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Treasurer Glen Fuller bought 10,000 shares of the stock in a transaction dated Friday, August 7th. The stock was purchased at an average price of $1.59 per share, with a total value of $15,900.00. Following the acquisition, the treasurer owned 76,600 shares of the company’s stock, valued at $121,794. The trade was a 15.02% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Mackenzie Realty Capital Stock Down 7.1%

Mackenzie Realty Capital stock traded down $0.12 during midday trading on Monday, hitting $1.52. 67,965 shares of the stock were exchanged, compared to its average volume of 42,810. Mackenzie Realty Capital, Inc. has a 52-week low of $0.83 and a 52-week high of $6.99. The business’s 50-day moving average price is $1.77 and its 200-day moving average price is $2.88. The stock has a market capitalization of $3.44 million, a price-to-earnings ratio of -0.25 and a beta of -0.76.

Mackenzie Realty Capital (NASDAQ:MKZR) last posted its 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.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Mackenzie Realty Capital in a research report on Monday, July 6th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Investors Weigh In On Mackenzie Realty Capital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC bought a new position in Mackenzie Realty Capital during the third quarter worth about $58,000. Geode Capital Management LLC lifted its position in shares of Mackenzie Realty Capital by 33.1% during the fourth quarter. Geode Capital Management LLC now owns 21,415 shares of the company’s stock worth $87,000 after acquiring an additional 5,331 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Mackenzie Realty Capital in the fourth quarter valued at $93,000. Concorde Asset Management LLC boosted its stake 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 during the period. Finally, Quinn Opportunity Partners LLC bought a new position in Mackenzie Realty Capital in the 4th 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.