Mackenzie Realty Capital (NASDAQ:MKZR) General Counsel Charles Patterson II Acquires 10,000 Shares of Stock

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) General Counsel Charles Patterson II purchased 10,000 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were acquired at an average price of $1.59 per share, with a total value of $15,900.00. Following the completion of the acquisition, the general counsel owned 76,600 shares of the company’s stock, valued at approximately $121,794. The trade was a 15.02% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mackenzie Realty Capital Trading Down 7.1%

Shares of MKZR stock opened at $1.52 on Tuesday. The firm has a market capitalization of $3.44 million, a P/E ratio of -0.25 and a beta of -0.76. The firm’s fifty day simple moving average is $1.75 and its 200 day simple moving average is $2.86. Mackenzie Realty Capital, Inc. has a 1 year low of $0.83 and a 1 year high of $6.99.

Mackenzie Realty Capital (NASDAQ:MKZR) last announced its quarterly earnings data on Friday, May 15th. The company reported ($0.98) EPS for the quarter. Mackenzie Realty Capital had a negative net margin of 90.30% and a negative return on equity of 18.99%. The company had revenue of $6.13 million for the quarter.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC acquired a new stake in shares of Mackenzie Realty Capital in the 3rd quarter valued at $58,000. Geode Capital Management LLC grew its stake 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 worth $87,000 after buying an additional 5,331 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Mackenzie Realty Capital in the 4th quarter worth approximately $93,000. Concorde Asset Management LLC increased its holdings in Mackenzie Realty Capital by 14.1% during the 4th 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 in the fourth quarter worth $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.