MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) CEO Acquires $28,500.00 in Stock

Posted by Casey Walker on Jan 17th, 2025

MacKenzie Realty Capital, Inc. (NASDAQ:MKZR – Get Free Report) CEO Robert E. Dixon purchased 10,000 shares of MacKenzie Realty Capital stock in a transaction that occurred on Thursday, January 16th. The shares were acquired at an average price of $2.85 per share, with a total value of $28,500.00. Following the acquisition, the chief executive officer now directly owns 19,935 shares of the company’s stock, valued at $56,814.75. This trade represents a 100.65 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

MacKenzie Realty Capital Stock Down 11.7 %

Shares of MKZR traded down $0.32 during mid-day trading on Friday, reaching $2.41. The company’s stock had a trading volume of 107,452 shares, compared to its average volume of 81,731. MacKenzie Realty Capital, Inc. has a 1-year low of $1.05 and a 1-year high of $6.07.

MacKenzie Realty Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.20 dividend on an annualized basis and a yield of 8.30%.

Hedge Funds Weigh In On MacKenzie Realty Capital

A hedge fund recently bought a new stake in MacKenzie Realty Capital stock. Atomi Financial Group Inc. bought a new position in shares of MacKenzie Realty Capital, Inc. (NASDAQ:MKZR – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 71,327 shares of the company’s stock, valued at approximately $225,000. Atomi Financial Group Inc. owned approximately 0.53% of MacKenzie Realty Capital as of its most recent filing with the Securities & Exchange Commission.

MacKenzie Realty Capital Company Profile

(Get Free Report)

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.