Mackenzie Realty Capital (NASDAQ:MKZR) Treasurer Glen Fuller Acquires 10,000 Shares

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Treasurer Glen Fuller bought 10,000 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was bought at an average cost of $1.59 per share, for a total transaction of $15,900.00. Following the completion of the purchase, the treasurer directly owned 76,600 shares of the company’s stock, valued at $121,794. This represents a 15.02% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Mackenzie Realty Capital Price Performance

MKZR stock opened at $1.52 on Tuesday. Mackenzie Realty Capital, Inc. has a one year low of $0.83 and a one year high of $6.99. The stock has a market cap of $3.44 million, a PE ratio of -0.25 and a beta of -0.76. The firm has a 50 day simple moving average of $1.75 and a two-hundred day simple moving average of $2.86.

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

Hedge Funds Weigh In On Mackenzie Realty Capital

Institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC bought a new stake in shares of Mackenzie Realty Capital during the 3rd quarter valued at $58,000. Geode Capital Management LLC lifted its position in Mackenzie Realty Capital by 33.1% during the 4th 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 period. Jane Street Group LLC bought a new stake in Mackenzie Realty Capital during the fourth quarter worth about $93,000. Concorde Asset Management LLC grew 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 period. Finally, Quinn Opportunity Partners LLC bought a new position in shares of Mackenzie Realty Capital during the fourth quarter valued at approximately $168,000.

Wall Street Analyst Weigh In

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