Robert Dixon Acquires 10,000 Shares of Mackenzie Realty Capital (NASDAQ:MKZR) Stock

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) CEO Robert Dixon acquired 10,000 shares of the firm’s stock in a transaction on Monday, April 6th. The shares were bought at an average cost of $3.50 per share, for a total transaction of $35,000.00. Following the acquisition, the chief executive officer owned 54,241 shares in the company, valued at approximately $189,843.50. The trade was a 22.60% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Mackenzie Realty Capital Stock Down 2.2%

Shares of NASDAQ:MKZR opened at $3.50 on Thursday. Mackenzie Realty Capital, Inc. has a 12 month low of $3.25 and a 12 month high of $16.90. The company’s 50-day moving average price is $3.80 and its two-hundred day moving average price is $4.33. The firm has a market cap of $6.90 million, a P/E ratio of -0.35 and a beta of -1.01.

Mackenzie Realty Capital (NASDAQ:MKZR) last issued its quarterly earnings data on Tuesday, February 17th. The company reported ($2.97) 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 for the quarter.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC acquired a new position in Mackenzie Realty Capital during the 3rd quarter valued at about $58,000. Geode Capital Management LLC lifted its position in Mackenzie Realty Capital by 33.1% during the 4th quarter. Geode Capital Management LLC now owns 21,415 shares of the company’s stock valued at $87,000 after purchasing an additional 5,331 shares during the period. Jane Street Group LLC acquired a new position in Mackenzie Realty Capital during the 4th quarter valued at about $93,000. Concorde Asset Management LLC lifted its position 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 during the period. Finally, Quinn Opportunity Partners LLC acquired a new position in Mackenzie Realty Capital during the 4th quarter valued at about $168,000.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Mackenzie Realty Capital in a report on Friday, January 9th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Mackenzie Realty Capital has a consensus rating of “Sell”.

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.