Mackenzie Realty Capital (NASDAQ:MKZR) Shares Up 5.5% – Should You Buy?

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR)’s stock price rose 5.5% on Wednesday . The company traded as high as $3.86 and last traded at $3.86. Approximately 5,847 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 22,553 shares. The stock had previously closed at $3.66.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Mackenzie Realty Capital in a research report on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Mackenzie Realty Capital Trading Up 5.5%

The company has a market cap of $7.60 million, a price-to-earnings ratio of -0.39 and a beta of -1.15. The stock’s 50 day moving average price is $4.10 and its 200 day moving average price is $4.56.

Mackenzie Realty Capital (NASDAQ:MKZR) last released its earnings results on Tuesday, February 17th. The company reported ($2.97) earnings per share (EPS) for the quarter. Mackenzie Realty Capital had a negative return on equity of 23.62% and a negative net margin of 122.81%.The company had revenue of $4.83 million during the quarter.

Hedge Funds Weigh In On Mackenzie Realty Capital

A number of hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC acquired a new position in Mackenzie Realty Capital in the third quarter valued at $58,000. Geode Capital Management LLC increased 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 acquiring an additional 5,331 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Mackenzie Realty Capital in the 4th quarter worth about $93,000. Concorde Asset Management LLC raised its holdings in shares of 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 acquired a new position in shares of Mackenzie Realty Capital in the 4th quarter valued at about $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.