MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) CEO Buys $28,500.00 in Stock

Posted by Joseph McCarthy on Jan 17th, 2025

MacKenzie Realty Capital, Inc. (NASDAQ:MKZR – Get Free Report) CEO Robert E. Dixon bought 10,000 shares of the stock in a transaction on Thursday, January 16th. The shares were purchased at an average price of $2.85 per share, with a total value of $28,500.00. Following the acquisition, the chief executive officer now owns 19,935 shares in the company, valued at approximately $56,814.75. This represents a 100.65 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

MacKenzie Realty Capital Stock Down 11.7 %

Shares of MKZR stock traded down $0.32 on Friday, hitting $2.41. 107,452 shares of the stock were exchanged, compared to its average volume of 81,731. MacKenzie Realty Capital, Inc. has a fifty-two week low of $1.05 and a fifty-two week high of $6.07.

MacKenzie Realty Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.20 annualized dividend and a dividend yield of 8.30%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in MacKenzie Realty Capital stock. Atomi Financial Group Inc. acquired a new position in shares of MacKenzie Realty Capital, Inc. (NASDAQ:MKZR – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 71,327 shares of the company’s stock, valued at approximately $225,000. Atomi Financial Group Inc. owned approximately 0.53% of MacKenzie Realty Capital as of its most recent SEC filing.

MacKenzie Realty Capital Company Profile

(Get Free Report)

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.