Robert Dixon Purchases 3,000 Shares of Mackenzie Realty Capital (NASDAQ:MKZR) Stock

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) CEO Robert Dixon acquired 3,000 shares of Mackenzie Realty Capital stock in a transaction on Wednesday, November 26th. The shares were purchased at an average price of $4.05 per share, for a total transaction of $12,150.00. Following the completion of the acquisition, the chief executive officer directly owned 39,241 shares in the company, valued at $158,926.05. This trade represents a 8.28% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Mackenzie Realty Capital Trading Up 1.7%

Shares of MKZR stock opened at $4.12 on Friday. The stock has a fifty day simple moving average of $4.95 and a two-hundred day simple moving average of $6.14. The stock has a market capitalization of $7.62 million and a price-to-earnings ratio of -0.38. Mackenzie Realty Capital, Inc. has a twelve month low of $3.86 and a twelve month high of $50.00.

Mackenzie Realty Capital (NASDAQ:MKZR) last posted its quarterly earnings results on Monday, September 29th. The company reported ($7.86) EPS for the quarter. The company had revenue of $2.38 million during the quarter.

Institutional Investors Weigh In On Mackenzie Realty Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Arkadios Wealth Advisors purchased a new stake in Mackenzie Realty Capital in the first quarter valued at $54,000. Savvy Advisors Inc. increased its position in shares of Mackenzie Realty Capital by 494.1% during the 2nd quarter. Savvy Advisors Inc. now owns 87,133 shares of the company’s stock worth $58,000 after purchasing an additional 72,467 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of Mackenzie Realty Capital during the 3rd quarter worth about $58,000. Legacy Wealth Managment LLC ID raised its holdings in Mackenzie Realty Capital by 7.1% in the 2nd quarter. Legacy Wealth Managment LLC ID now owns 125,366 shares of the company’s stock valued at $84,000 after buying an additional 8,268 shares during the period. Finally, Geode Capital Management LLC lifted its position in Mackenzie Realty Capital by 1.6% in the second quarter. Geode Capital Management LLC now owns 158,105 shares of the company’s stock valued at $104,000 after buying an additional 2,530 shares during the last quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Mackenzie Realty Capital in a report on Tuesday, October 14th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

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.