Mackenzie Realty Capital (NASDAQ:MKZR) Announces Quarterly Earnings Results

Mackenzie Realty Capital (NASDAQ:MKZR) announced its quarterly earnings results on Tuesday. The company reported ($2.97) EPS for the quarter, Zacks reports.

Mackenzie Realty Capital Stock Performance

NASDAQ MKZR opened at $3.90 on Wednesday. Mackenzie Realty Capital has a 52-week low of $3.26 and a 52-week high of $24.20. The company has a fifty day moving average of $4.23 and a 200-day moving average of $4.77. The company has a market capitalization of $7.22 million, a P/E ratio of -0.36 and a beta of -1.11.

Hedge Funds Weigh In On Mackenzie Realty Capital

Several institutional investors have recently modified their holdings of the company. Quinn Opportunity Partners LLC bought a new stake in Mackenzie Realty Capital in the 4th quarter worth approximately $168,000. Concorde Asset Management LLC raised 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 worth $111,000 after acquiring an additional 3,360 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Mackenzie Realty Capital in the 4th quarter valued at $93,000. Geode Capital Management LLC grew its holdings in shares of Mackenzie Realty Capital by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 158,105 shares of the company’s stock valued at $104,000 after purchasing an additional 2,530 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new position in Mackenzie Realty Capital in the 3rd quarter worth $58,000.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Mackenzie Realty Capital in a research report on Friday, January 9th. 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”.

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.