Insider Buying: MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) CEO Buys $38,400.00 in Stock

Posted by Irma Garcia on Jan 25th, 2025

MacKenzie Realty Capital, Inc. (NASDAQ:MKZR – Get Free Report) CEO Robert E. Dixon acquired 15,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were bought at an average price of $2.56 per share, with a total value of $38,400.00. Following the completion of the purchase, the chief executive officer now directly owns 40,000 shares of the company’s stock, valued at approximately $102,400. This represents a 60.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

MacKenzie Realty Capital Stock Performance

MKZR opened at $2.31 on Friday. MacKenzie Realty Capital, Inc. has a twelve month low of $1.05 and a twelve month high of $6.07. The stock has a 50-day moving average price of $3.35.

MacKenzie Realty Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 8.66%. The ex-dividend date was Tuesday, December 31st.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in MacKenzie Realty Capital stock. Juncture Wealth Strategies LLC acquired a new position in MacKenzie Realty Capital, Inc. (NASDAQ:MKZR – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,234 shares of the company’s stock, valued at approximately $42,000. Juncture Wealth Strategies LLC owned approximately 0.10% of MacKenzie Realty Capital as of its most recent filing with the Securities and Exchange Commission (SEC).

About MacKenzie Realty Capital

(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.