Robert E. Dixon Purchases 40,000 Shares of MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) Stock

Posted by Darlene League on Mar 5th, 2025

MacKenzie Realty Capital, Inc. (NASDAQ:MKZR – Get Free Report) CEO Robert E. Dixon purchased 40,000 shares of the stock in a transaction on Wednesday, March 5th. The shares were purchased at an average cost of $1.85 per share, with a total value of $74,000.00. Following the transaction, the chief executive officer now owns 80,000 shares of the company’s stock, valued at $148,000. This trade represents a 100.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

MacKenzie Realty Capital Stock Performance

Shares of NASDAQ:MKZR traded up $0.22 during trading on Wednesday, reaching $2.01. 160,384 shares of the stock were exchanged, compared to its average volume of 163,878. The company has a 50-day moving average price of $2.45. MacKenzie Realty Capital, Inc. has a 12-month low of $1.05 and a 12-month high of $6.07.

MacKenzie Realty Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Tuesday, December 31st were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 9.95%. The ex-dividend date of this dividend was Tuesday, December 31st.

Hedge Funds Weigh In On MacKenzie Realty Capital

A number of hedge funds have recently made changes to their positions in MKZR. Legacy Investment Solutions LLC acquired a new stake in shares of MacKenzie Realty Capital in the fourth quarter valued at about $370,000. Geode Capital Management LLC acquired a new stake in MacKenzie Realty Capital in the fourth quarter valued at approximately $318,000. Ameriprise Financial Inc. purchased a new stake in shares of MacKenzie Realty Capital during the fourth quarter valued at approximately $253,000. Atomi Financial Group Inc. acquired a new position in shares of MacKenzie Realty Capital during the fourth quarter worth $225,000. Finally, Alliancebernstein L.P. purchased a new position in shares of MacKenzie Realty Capital in the fourth quarter valued at $169,000.

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.