Mackenzie Realty Capital (NASDAQ:MKZR) Stock Price Down 0.6% – Here’s What Happened

Shares of Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) dropped 0.6% during trading on Thursday . The stock traded as low as $1.73 and last traded at $1.77. 14,037 shares were traded during trading, a decline of 45% from the average daily volume of 25,564 shares. The stock had previously closed at $1.78.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Mackenzie Realty Capital in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Mackenzie Realty Capital Stock Performance

The firm has a market capitalization of $4.00 million, a P/E ratio of -0.29 and a beta of -1.04. The firm has a 50-day moving average of $2.51 and a 200-day moving average of $3.46.

Mackenzie Realty Capital (NASDAQ:MKZR) last posted its earnings results on Friday, May 15th. The company reported ($0.98) EPS for the quarter. Mackenzie Realty Capital had a negative return on equity of 18.99% and a negative net margin of 90.30%.The business had revenue of $6.13 million during the quarter.

Insider Activity at Mackenzie Realty Capital

In other Mackenzie Realty Capital news, CEO Robert E. Dixon acquired 10,000 shares of Mackenzie Realty Capital stock in a transaction that occurred on Monday, April 6th. The stock was bought at an average cost of $3.50 per share, for a total transaction of $35,000.00. Following the acquisition, the chief executive officer owned 54,241 shares of the company’s stock, valued at $189,843.50. This represents a 22.60% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 6.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Mackenzie Realty Capital

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Citadel Advisors LLC bought a new stake in shares of Mackenzie Realty Capital in the third quarter worth approximately $58,000. Geode Capital Management LLC lifted its position in Mackenzie Realty Capital by 33.1% during the fourth quarter. Geode Capital Management LLC now owns 21,415 shares of the company’s stock valued at $87,000 after purchasing an additional 5,331 shares during the period. Jane Street Group LLC purchased a new stake in Mackenzie Realty Capital in the fourth quarter worth approximately $93,000. Concorde Asset Management LLC boosted its holdings in Mackenzie Realty Capital by 14.1% in the fourth quarter. Concorde Asset Management LLC now owns 27,240 shares of the company’s stock worth $111,000 after purchasing an additional 3,360 shares during the last quarter. Finally, Quinn Opportunity Partners LLC bought a new stake in Mackenzie Realty Capital in the 4th quarter worth approximately $168,000.

Mackenzie Realty Capital Company Profile

Mackenzie Realty Capital, Inc (NASDAQ:MKZR) is a real estate finance company that focuses on originating, acquiring and managing a diversified portfolio of real estate credit investments. The company’s offerings include first-lien mortgage loans, B-notes, mezzanine financing and short-term bridge loans secured by residential and small multifamily properties. By emphasizing collateral quality and short-to-medium-term maturities, Mackenzie Realty Capital aims to generate stable income streams and attractive risk-adjusted returns.

Since its initial public offering, Mackenzie Realty Capital has deployed capital across a variety of property types, including single-family rental communities, garden-style apartment complexes and mixed-use developments.