Mackenzie Realty Capital (NASDAQ:MKZR) Announces Earnings Results

Mackenzie Realty Capital (NASDAQ:MKZR) issued its quarterly earnings data on Friday. The company reported ($2.20) EPS for the quarter, Zacks reports. The business had revenue of $4.54 million for the quarter.

Mackenzie Realty Capital Price Performance

NASDAQ MKZR traded down $0.03 during trading hours on Friday, reaching $4.74. 28,891 shares of the company’s stock traded hands, compared to its average volume of 38,189. Mackenzie Realty Capital has a 52-week low of $3.89 and a 52-week high of $50.00. The firm has a market cap of $8.39 million and a PE ratio of -0.32. The firm has a 50-day simple moving average of $5.29 and a 200 day simple moving average of $6.69.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Mackenzie Realty Capital news, CEO Robert E. Dixon bought 15,146 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was acquired at an average price of $5.10 per share, with a total value of $77,244.60. Following the completion of the purchase, the chief executive officer owned 70,864 shares of the company’s stock, valued at approximately $361,406.40. This trade represents a 27.18% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Charles E. Patterson II bought 14,000 shares of the stock in a transaction dated Thursday, October 2nd. The shares were acquired at an average price of $5.06 per share, with a total value of $70,840.00. Following the completion of the acquisition, the general counsel directly owned 85,855 shares of the company’s stock, valued at approximately $434,426.30. The trade was a 19.48% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders have bought 159,876 shares of company stock valued at $813,128. Insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Mackenzie Realty Capital

An institutional investor recently raised its position in Mackenzie Realty Capital stock. Geode Capital Management LLC raised its stake in Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) by 1.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 158,105 shares of the company’s stock after acquiring an additional 2,530 shares during the period. Geode Capital Management LLC owned approximately 9.41% of Mackenzie Realty Capital worth $104,000 as of its most recent SEC filing.

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.