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

MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) CEO Robert E. Dixon acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The stock was acquired at an average price of $2.85 per share, with a total value of $28,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 19,935 shares of the company’s stock, valued at $56,814.75. This represents a 100.65 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.

MacKenzie Realty Capital Price Performance

Shares of NASDAQ:MKZR opened at $2.41 on Friday. MacKenzie Realty Capital, Inc. has a fifty-two week low of $1.05 and a fifty-two 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 given a dividend of $0.05 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.20 dividend on an annualized basis and a yield of 8.30%.

Hedge Funds Weigh In On MacKenzie Realty Capital

A hedge fund recently bought a new stake in MacKenzie Realty Capital stock. Atomi Financial Group Inc. bought a new stake in MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) during the fourth quarter, according to its most recent filing with the SEC. The firm 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 quarter.

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.