Mackenzie Realty Capital (NASDAQ:MKZR) Issues Quarterly Earnings Results

Mackenzie Realty Capital (NASDAQ:MKZR) issued its earnings results on Tuesday. The company reported ($2.97) earnings per share for the quarter, Zacks reports. The company had revenue of $4.59 million for the quarter.

Mackenzie Realty Capital Price Performance

Shares of NASDAQ:MKZR traded up $0.07 during trading on Thursday, hitting $3.98. 524 shares of the company were exchanged, compared to its average volume of 33,567. The firm’s 50 day moving average price is $4.23 and its 200-day moving average price is $4.77. The stock has a market capitalization of $7.36 million, a P/E ratio of -0.37 and a beta of -1.11. Mackenzie Realty Capital has a 12-month low of $3.26 and a 12-month high of $24.00.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Mackenzie Realty Capital in a report on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Trading of Mackenzie Realty Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in MKZR. Geode Capital Management LLC boosted its position in shares of Mackenzie Realty Capital by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 158,105 shares of the company’s stock valued at $104,000 after purchasing an additional 2,530 shares during the period. Concorde Asset Management LLC grew its position in shares of Mackenzie Realty Capital by 14.1% during the fourth quarter. Concorde Asset Management LLC now owns 27,240 shares of the company’s stock worth $111,000 after acquiring an additional 3,360 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of Mackenzie Realty Capital in the 3rd quarter valued at $58,000. Jane Street Group LLC purchased a new stake in Mackenzie Realty Capital in the 4th quarter valued at $93,000. Finally, Quinn Opportunity Partners LLC acquired a new stake in Mackenzie Realty Capital during the 4th quarter worth $168,000.

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.