Mackenzie Realty Capital (NASDAQ:MKZR) General Counsel Charles Patterson II Buys 23,400 Shares of Stock

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) General Counsel Charles Patterson II acquired 23,400 shares of the business’s stock in a transaction on Monday, August 10th. The shares were purchased at an average price of $1.60 per share, with a total value of $37,440.00. Following the completion of the purchase, the general counsel owned 100,000 shares in the company, valued at $160,000. This represents a 30.55% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Mackenzie Realty Capital Price Performance

Shares of Mackenzie Realty Capital stock opened at $1.52 on Tuesday. The stock has a market capitalization of $3.44 million, a P/E ratio of -0.25 and a beta of -0.76. The business has a 50 day simple moving average of $1.75 and a two-hundred day simple moving average of $2.86. Mackenzie Realty Capital, Inc. has a 12 month low of $0.83 and a 12 month high of $6.99.

Mackenzie Realty Capital (NASDAQ:MKZR) last issued its quarterly earnings results on Friday, May 15th. The company reported ($0.98) earnings per share (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 firm had revenue of $6.13 million during the quarter.

Institutional Trading of Mackenzie Realty Capital

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Mackenzie Realty Capital in a report on Monday, July 6th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

About Mackenzie Realty Capital

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.