Insider Buying: MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) CEO Acquires 10,000 Shares of Stock

MacKenzie Realty Capital, Inc. (NASDAQ:MKZRGet Free Report) CEO Robert E. Dixon bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 26th. The stock was bought at an average price of $1.55 per share, with a total value of $15,500.00. Following the completion of the acquisition, the chief executive officer now owns 145,591 shares of the company’s stock, valued at $225,666.05. This trade represents a 7.38 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

MacKenzie Realty Capital Trading Up 0.7 %

MKZR stock opened at $1.51 on Thursday. The firm has a 50-day moving average of $2.05. MacKenzie Realty Capital, Inc. has a 1 year low of $1.05 and a 1 year high of $6.07.

MacKenzie Realty Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 31st will be issued a $0.05 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.20 annualized dividend and a yield of 13.25%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in MKZR. Ashton Thomas Private Wealth LLC acquired a new stake in shares of MacKenzie Realty Capital in the 4th quarter valued at $32,000. World Equity Group Inc. purchased a new position in MacKenzie Realty Capital in the fourth quarter valued at $36,000. Northern Trust Corp acquired a new stake in MacKenzie Realty Capital in the fourth quarter valued at $40,000. Juncture Wealth Strategies LLC purchased a new stake in MacKenzie Realty Capital during the 4th quarter worth about $42,000. Finally, Two Sigma Securities LLC purchased a new stake in MacKenzie Realty Capital during the 4th quarter worth about $44,000.

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.

See Also

Insider Buying and Selling by Quarter for MacKenzie Realty Capital (NASDAQ:MKZR)

Receive News & Ratings for MacKenzie Realty Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MacKenzie Realty Capital and related companies with MarketBeat.com's FREE daily email newsletter.