Mackenzie Realty Capital’s (MKZR) “Sell (E+)” Rating Reiterated at Weiss Ratings

Weiss Ratings restated their sell (e+) rating on shares of Mackenzie Realty Capital (NASDAQ:MKZR) in a research report sent to investors on Tuesday morning,Weiss Ratings reports.

Mackenzie Realty Capital Trading Up 4.4%

Shares of NASDAQ:MKZR opened at $5.43 on Tuesday. Mackenzie Realty Capital has a fifty-two week low of $3.89 and a fifty-two week high of $55.00. The company’s 50-day moving average price is $5.48 and its 200 day moving average price is $7.86.

Insider Activity

In other news, General Counsel Charles E. Patterson II bought 22,559 shares of the stock in a transaction on Wednesday, August 6th. The shares were purchased at an average price of $4.31 per share, for a total transaction of $97,229.29. Following the completion of the purchase, the general counsel directly owned 22,559 shares of the company’s stock, valued at $97,229.29. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Portfolio Manager Christine Elizabeth Simpson bought 22,559 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The shares were acquired at an average price of $4.31 per share, with a total value of $97,229.29. Following the purchase, the portfolio manager owned 22,559 shares in the company, valued at $97,229.29. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 486,235 shares of company stock valued at $2,309,682 in the last ninety days. Corporate insiders own 6.30% of the company’s stock.

Institutional Trading of Mackenzie Realty Capital

Several hedge funds have recently added to or reduced their stakes in MKZR. Pineridge Advisors LLC bought a new position in shares of Mackenzie Realty Capital in the 1st quarter valued at about $29,000. Brookwood Investment Group LLC acquired a new stake in shares of Mackenzie Realty Capital in the first quarter valued at approximately $34,000. Arkadios Wealth Advisors acquired a new position in Mackenzie Realty Capital during the first quarter valued at approximately $54,000. Clarity Capital Partners LLC acquired a new position in Mackenzie Realty Capital during the first quarter valued at approximately $55,000. Finally, Savvy Advisors Inc. raised its position in Mackenzie Realty Capital by 494.1% during the second quarter. Savvy Advisors Inc. now owns 87,133 shares of the company’s stock valued at $58,000 after purchasing an additional 72,467 shares in the last quarter.

About Mackenzie Realty Capital

MacKenzie Realty Capital Inc is a REIT which focused on investing in multifamily housing and office real estate properties located principally in the United States. MacKenzie Realty Capital Inc is based in ORINDA, Calif.