Mackenzie Realty Capital (NASDAQ:MKZR) Releases Earnings Results

Mackenzie Realty Capital (NASDAQ:MKZR) issued its quarterly earnings results on Friday. The company reported ($0.98) earnings per share for the quarter, FiscalAI reports. The company had revenue of $6.13 million during the quarter. Mackenzie Realty Capital had a negative net margin of 122.81% and a negative return on equity of 23.62%.

Mackenzie Realty Capital Stock Performance

MKZR traded up $0.11 during trading on Friday, reaching $2.35. 47,774 shares of the company’s stock were exchanged, compared to its average volume of 23,689. The company’s fifty day moving average price is $3.33 and its 200-day moving average price is $3.92. Mackenzie Realty Capital has a fifty-two week low of $2.22 and a fifty-two week high of $16.90. The firm has a market capitalization of $4.63 million, a PE ratio of -0.24 and a beta of -1.05.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, CEO Robert E. Dixon purchased 10,000 shares of Mackenzie Realty Capital stock in a transaction dated Monday, April 6th. The shares were bought at an average cost of $3.50 per share, with a total value of $35,000.00. Following the completion of the transaction, the chief executive officer directly owned 54,241 shares in the company, valued at $189,843.50. This trade represents a 22.60% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 6.30% of the company’s stock.

Hedge Funds Weigh In On Mackenzie Realty Capital

Hedge funds and other institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC bought a new stake in Mackenzie Realty Capital in the 3rd quarter valued at $58,000. Geode Capital Management LLC lifted its position in Mackenzie Realty Capital by 33.1% in the 4th quarter. Geode Capital Management LLC now owns 21,415 shares of the company’s stock valued at $87,000 after acquiring an additional 5,331 shares in the last quarter. Jane Street Group LLC bought a new stake in Mackenzie Realty Capital in the 4th quarter valued at $93,000. Concorde Asset Management LLC lifted its position 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 valued at $111,000 after acquiring an additional 3,360 shares in the last quarter. Finally, Quinn Opportunity Partners LLC bought a new stake in Mackenzie Realty Capital in the 4th quarter valued at $168,000.

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.