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

MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) CEO Robert E. Dixon bought 10,000 shares of the stock in a transaction on Thursday, January 16th. The shares were acquired at an average cost of $2.85 per share, for a total transaction of $28,500.00. Following the purchase, the chief executive officer now owns 19,935 shares in the company, valued at approximately $56,814.75. This represents a 100.65 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

MacKenzie Realty Capital Stock Performance

MKZR stock opened at $2.41 on Friday. MacKenzie Realty Capital, Inc. has a 52 week low of $1.05 and a 52 week high of $6.07.

MacKenzie Realty Capital Cuts Dividend

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

Hedge Funds Weigh In On MacKenzie Realty Capital

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

About MacKenzie Realty Capital

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.