Mackenzie Realty Capital (NASDAQ:MKZR) General Counsel Charles Patterson II Acquires 14,000 Shares

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) General Counsel Charles Patterson II bought 14,000 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The shares were acquired at an average price of $5.06 per share, for a total transaction of $70,840.00. Following the completion of the transaction, the general counsel owned 85,855 shares in the company, valued at $434,426.30. This represents a 19.48% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Mackenzie Realty Capital Price Performance

NASDAQ:MKZR opened at $5.84 on Tuesday. Mackenzie Realty Capital, Inc. has a 12-month low of $3.89 and a 12-month high of $55.00. The firm has a 50-day moving average price of $5.45 and a 200 day moving average price of $8.30.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Mackenzie Realty Capital in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Mackenzie Realty Capital has an average rating of “Sell”.

Hedge Funds Weigh In On Mackenzie Realty Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Citadel Advisors LLC acquired a new stake in shares of Mackenzie Realty Capital during the fourth quarter worth approximately $70,000. Clarity Capital Partners LLC acquired a new position in shares of Mackenzie Realty Capital in the 1st quarter worth approximately $55,000. Pineridge Advisors LLC bought a new stake in Mackenzie Realty Capital during the 1st quarter worth approximately $29,000. Brookwood Investment Group LLC acquired a new stake in Mackenzie Realty Capital during the 1st quarter valued at $34,000. Finally, Arkadios Wealth Advisors bought a new position in Mackenzie Realty Capital in the 1st quarter valued at $54,000.

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.