MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) CEO Robert E. Dixon Acquires 40,000 Shares

Posted by Simon Gomez on Mar 6th, 2025

MacKenzie Realty Capital, Inc. (NASDAQ:MKZR – Get Free Report) CEO Robert E. Dixon purchased 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average cost of $1.85 per share, for a total transaction of $74,000.00. Following the transaction, the chief executive officer now owns 80,000 shares in the company, valued at $148,000. This represents a 100.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

MacKenzie Realty Capital Trading Up 12.3 %

Shares of NASDAQ MKZR opened at $2.01 on Thursday. MacKenzie Realty Capital, Inc. has a fifty-two week low of $1.05 and a fifty-two week high of $6.07. The company has a 50-day simple moving average of $2.41.

MacKenzie Realty Capital Cuts Dividend

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

Institutional Investors Weigh In On MacKenzie Realty Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in MKZR. Legacy Investment Solutions LLC purchased a new stake in MacKenzie Realty Capital in the 4th quarter valued at about $370,000. Geode Capital Management LLC purchased a new stake in MacKenzie Realty Capital in the 4th quarter valued at about $318,000. Ameriprise Financial Inc. purchased a new stake in MacKenzie Realty Capital in the 4th quarter valued at about $253,000. Atomi Financial Group Inc. purchased a new stake in MacKenzie Realty Capital in the 4th quarter valued at about $225,000. Finally, Alliancebernstein L.P. purchased a new stake in MacKenzie Realty Capital in the 4th quarter valued at about $169,000.

About MacKenzie Realty Capital

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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.