Robert E. Dixon Acquires 15,000 Shares of MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) Stock

Posted by Michael Baxter on Jan 24th, 2025

MacKenzie Realty Capital, Inc. (NASDAQ:MKZR – Get Free Report) CEO Robert E. Dixon acquired 15,000 shares of the stock in a transaction dated Tuesday, January 21st. The shares were acquired at an average cost of $2.56 per share, with a total value of $38,400.00. Following the completion of the transaction, the chief executive officer now owns 40,000 shares in the company, valued at approximately $102,400. This represents a 60.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

MacKenzie Realty Capital Price Performance

MKZR stock opened at $2.33 on Friday. The stock’s 50 day simple moving average is $3.37. 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 disclosed a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.20 annualized dividend and a dividend yield of 8.58%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in MacKenzie Realty Capital stock. Atomi Financial Group Inc. purchased a new stake in MacKenzie Realty Capital, Inc. (NASDAQ:MKZR – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 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.

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.