Robert E. Dixon Purchases 10,000 Shares of MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) Stock

Posted by Darlene League on Jan 19th, 2025

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

MacKenzie Realty Capital Stock Down 11.7 %

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. Stockholders of record on Tuesday, December 31st will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 8.30%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in MacKenzie Realty Capital stock. Atomi Financial Group Inc. bought a new position in shares of MacKenzie Realty Capital, Inc. (NASDAQ:MKZR – Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 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 at the end of the most recent quarter.

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.