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

Shares of Mackenzie Realty Capital, Inc. (NASDAQ:MKZR – Get Free Report) were down 0.6% during mid-day trading on Thursday . The company traded as low as $1.73 and last traded at $1.77. 14,037 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 25,564 shares. The stock had previously closed at $1.78.

Wall Street Analyst Weigh In

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

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Mackenzie Realty Capital Trading Down 0.6%

The company’s 50 day moving average price is $2.51 and its two-hundred day moving average price is $3.46. The stock has a market cap of $4.00 million, a P/E ratio of -0.29 and a beta of -1.04.

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

Insider Buying and Selling at Mackenzie Realty Capital

In other Mackenzie Realty Capital news, CEO Robert E. Dixon acquired 10,000 shares of the business’s stock in a transaction dated Monday, April 6th. The stock was purchased at an average price of $3.50 per share, with a total value of $35,000.00. Following the transaction, the chief executive officer directly owned 54,241 shares in the company, valued at approximately $189,843.50. The trade was a 22.60% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 6.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Mackenzie Realty Capital

Hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC lifted its position in Mackenzie Realty Capital by 1.6% during the second 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 in the last quarter. Citadel Advisors LLC purchased a new stake in Mackenzie Realty Capital in the third quarter worth about $58,000. Jane Street Group LLC purchased a new stake in Mackenzie Realty Capital in the fourth quarter worth about $93,000. Concorde Asset Management LLC raised its stake in shares of 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 buying an additional 3,360 shares during the period. Finally, Quinn Opportunity Partners LLC bought a new position in shares of Mackenzie Realty Capital in the fourth quarter worth about $168,000.

Mackenzie Realty Capital Company Profile

(Get Free Report)

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.

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