Mackenzie Realty Capital’s (MKZR) Sell (E+) Rating Reaffirmed at Weiss Ratings

Weiss Ratings reaffirmed their sell (e+) rating on shares of Mackenzie Realty Capital (NASDAQ:MKZR) in a report published on Tuesday morning,Weiss Ratings reports.

Mackenzie Realty Capital Trading Up 1.9%

Mackenzie Realty Capital stock opened at $5.47 on Tuesday. Mackenzie Realty Capital has a 52 week low of $3.89 and a 52 week high of $55.00. The firm’s 50-day simple moving average is $5.45 and its 200 day simple moving average is $7.94.

Insider Activity

In related news, insider Jeri Ruth Bluth purchased 14,000 shares of the company’s stock in a transaction that occurred on Thursday, October 2nd. The stock was acquired at an average price of $5.06 per share, for a total transaction of $70,840.00. Following the completion of the purchase, the insider owned 85,855 shares in the company, valued at approximately $434,426.30. This represents a 19.48% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Charles E. Patterson II acquired 14,000 shares of Mackenzie Realty Capital stock in a transaction that occurred on Thursday, October 2nd. The shares were purchased at an average price of $5.06 per share, for a total transaction of $70,840.00. Following the completion of the purchase, the general counsel directly owned 85,855 shares of the company’s stock, valued at $434,426.30. The trade was a 19.48% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 486,235 shares of company stock worth $2,309,682. Insiders own 6.30% of the company’s stock.

Hedge Funds Weigh In On Mackenzie Realty Capital

Several large investors have recently added to or reduced their stakes in the company. Pineridge Advisors LLC bought a new stake in Mackenzie Realty Capital in the first quarter valued at $29,000. Brookwood Investment Group LLC bought a new stake in Mackenzie Realty Capital in the first quarter valued at $34,000. Arkadios Wealth Advisors bought a new stake in Mackenzie Realty Capital in the first quarter valued at $54,000. Clarity Capital Partners LLC bought a new stake in Mackenzie Realty Capital in the first quarter valued at $55,000. Finally, Savvy Advisors Inc. lifted its stake in Mackenzie Realty Capital by 494.1% in the second quarter. Savvy Advisors Inc. now owns 87,133 shares of the company’s stock valued at $58,000 after buying an additional 72,467 shares during the last quarter.

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.