Key Points
- General Counsel Charles Patterson II bought 10,000 MKZR shares at an average price of $1.59, investing $15,900 and increasing his direct ownership by 15.02% to 76,600 shares.
- Mackenzie Realty Capital reported a quarterly loss of $0.98 per share on $6.13 million in revenue, alongside a negative 90.30% net margin and 18.99% return on equity.
- The stock opened at $1.52 and has a $0.83–$6.99 52-week range, while Weiss Ratings maintains a “sell (e+)” rating and the analyst consensus remains Sell.
Mackenzie Realty Capital, Inc. (NASDAQ:MKZR - Get Free Report) General Counsel Charles Patterson II purchased 10,000 shares of the firm's stock in a transaction dated Friday, August 7th. The shares were 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 general counsel directly owned 76,600 shares of the company's stock, valued at $121,794. The trade was a 15.02% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Mackenzie Realty Capital Stock Performance
NASDAQ:MKZR opened at $1.52 on Tuesday. The company has a market cap of $3.44 million, a price-to-earnings ratio of -0.25 and a beta of -0.76. The stock's fifty day moving average price is $1.75 and its two-hundred day moving average price is $2.86. Mackenzie Realty Capital, Inc. has a 52-week low of $0.83 and a 52-week high of $6.99.
Mackenzie Realty Capital (NASDAQ:MKZR - Get Free Report) last released its earnings results on Friday, May 15th. The company reported ($0.98) earnings per share for the quarter. The firm had revenue of $6.13 million for the quarter. Mackenzie Realty Capital had a negative return on equity of 18.99% and a negative net margin of 90.30%.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings restated a "sell (e+)" rating on shares of Mackenzie Realty Capital in a report on Monday, July 6th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of "Sell".
View Our Latest Research Report on Mackenzie Realty Capital
Institutional Investors Weigh In On Mackenzie Realty Capital
Several institutional investors have recently bought and sold shares of MKZR. Geode Capital Management LLC grew its stake in shares of Mackenzie Realty Capital by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 158,105 shares of the company's stock worth $104,000 after acquiring an additional 2,530 shares in the last quarter. Citadel Advisors LLC bought a new stake in shares of Mackenzie Realty Capital in the third quarter worth $58,000. Jane Street Group LLC acquired a new position in Mackenzie Realty Capital during the fourth quarter worth $93,000. Concorde Asset Management LLC boosted its holdings in 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 purchasing an additional 3,360 shares during the last quarter. Finally, Quinn Opportunity Partners LLC bought a new position in Mackenzie Realty Capital in the fourth quarter valued at $168,000.
About Mackenzie Realty Capital
(
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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