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

MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) CEO Robert E. Dixon acquired 10,000 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were purchased at an average cost of $2.85 per share, with a total value of $28,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 19,935 shares in the company, valued at approximately $56,814.75. The trade was a 100.65 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

MacKenzie Realty Capital Stock Performance

Shares of NASDAQ:MKZR opened at $2.41 on Friday. MacKenzie Realty Capital, Inc. has a one year low of $1.05 and a one year high of $6.07.

MacKenzie Realty Capital Cuts Dividend

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in MacKenzie Realty Capital stock. Atomi Financial Group Inc. bought a new stake in MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 71,327 shares of the company’s stock, valued at approximately $225,000. Atomi Financial Group Inc. owned 0.53% of MacKenzie Realty Capital at the end of the most recent quarter.

MacKenzie Realty Capital Company Profile

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.