Charles Patterson II Purchases 14,000 Shares of Mackenzie Realty Capital (NASDAQ:MKZR) Stock

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) General Counsel Charles Patterson II bought 14,000 shares of the business’s stock in a transaction dated Thursday, October 2nd. The shares were bought at an average cost of $5.06 per share, for a total transaction of $70,840.00. Following the purchase, the general counsel directly owned 85,855 shares in the company, valued at approximately $434,426.30. This represents a 19.48% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Mackenzie Realty Capital Stock Down 6.7%

Shares of MKZR opened at $5.45 on Wednesday. The firm’s 50-day moving average price is $5.44 and its 200-day moving average price is $8.28. Mackenzie Realty Capital, Inc. has a 1-year low of $3.89 and a 1-year high of $55.00.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Mackenzie Realty Capital in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Mackenzie Realty Capital has an average rating of “Sell”.

Hedge Funds Weigh In On Mackenzie Realty Capital

Large investors have recently made changes to their positions in the business. Citadel Advisors LLC purchased a new position in shares of Mackenzie Realty Capital during the fourth quarter valued at approximately $70,000. Brookwood Investment Group LLC purchased a new position in shares of Mackenzie Realty Capital during the first quarter valued at approximately $34,000. Arkadios Wealth Advisors purchased a new position in shares of Mackenzie Realty Capital during the first quarter valued at approximately $54,000. Pineridge Advisors LLC purchased a new position in Mackenzie Realty Capital in the first quarter worth about $29,000. Finally, Clarity Capital Partners LLC purchased a new position in Mackenzie Realty Capital in the first quarter worth about $55,000.

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.