Mackenzie Realty Capital (NASDAQ:MKZR) Stock Price Down 0.6% – What’s Next?
by Kim Johansen · The Markets DailyMackenzie Realty Capital, Inc. (NASDAQ:MKZR – Get Free Report)’s share price was down 0.6% during trading on Thursday . The company traded as low as $1.73 and last traded at $1.77. 14,037 shares changed hands during trading, a decline of 45% from the average daily volume of 25,564 shares. The stock had previously closed at $1.78.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Mackenzie Realty Capital in a research report on Wednesday, April 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Mackenzie Realty Capital has an average rating of “Sell”.
Read Our Latest Stock Analysis on Mackenzie Realty Capital
Mackenzie Realty Capital Trading Down 4.8%
The company has a market cap of $3.81 million, a price-to-earnings ratio of -0.27 and a beta of -1.04. The stock’s fifty day simple moving average is $2.46 and its 200 day simple moving average is $3.44.
Mackenzie Realty Capital (NASDAQ:MKZR – Get Free Report) last issued its earnings results on Friday, May 15th. The company reported ($0.98) earnings per share for the quarter. The company 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%.
Insider Buying and Selling at Mackenzie Realty Capital
In other news, CEO Robert E. Dixon acquired 10,000 shares of the company’s stock in a transaction that occurred on 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 completion of the acquisition, the chief executive officer owned 54,241 shares of the company’s stock, valued at $189,843.50. This trade represents a 22.60% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 6.30% of the company’s stock.
Hedge Funds Weigh In On Mackenzie Realty Capital
A number of institutional investors have recently bought and sold shares of MKZR. Quinn Opportunity Partners LLC purchased a new stake in shares of Mackenzie Realty Capital in the 4th quarter valued at approximately $168,000. Jane Street Group LLC purchased a new stake in shares of Mackenzie Realty Capital during the 4th quarter valued at approximately $93,000. Citadel Advisors LLC acquired a new position in Mackenzie Realty Capital in the third quarter valued at approximately $58,000. Concorde Asset Management LLC lifted its holdings in Mackenzie Realty Capital by 40.4% in the first quarter. Concorde Asset Management LLC now owns 38,250 shares of the company’s stock valued at $139,000 after acquiring an additional 11,010 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Mackenzie Realty Capital by 33.1% in the fourth quarter. Geode Capital Management LLC now owns 21,415 shares of the company’s stock worth $87,000 after acquiring an additional 5,331 shares during the period.
Mackenzie Realty Capital Company Profile
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.