Mackenzie Realty Capital (NASDAQ:MKZR) Announces Earnings Results

by · The Cerbat Gem

Mackenzie Realty Capital (NASDAQ:MKZR – Get Free Report) released its quarterly earnings data on Friday. The company reported ($0.98) earnings per share for the quarter, FiscalAI reports. Mackenzie Realty Capital had a negative net margin of 122.81% and a negative return on equity of 23.62%. The business had revenue of $6.13 million during the quarter.

Mackenzie Realty Capital Trading Up 4.9%

Shares of NASDAQ MKZR traded up $0.11 during midday trading on Friday, hitting $2.35. 47,774 shares of the company’s stock were exchanged, compared to its average volume of 23,689. Mackenzie Realty Capital has a 12-month low of $2.22 and a 12-month high of $16.90. The company has a market cap of $4.63 million, a price-to-earnings ratio of -0.24 and a beta of -1.05. The business’s fifty day moving average price is $3.33 and its two-hundred day moving average price is $3.92.

Insider Activity at Mackenzie Realty Capital

In related news, CEO Robert E. Dixon bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The stock was bought at an average cost of $3.50 per share, for a total transaction of $35,000.00. Following the completion of the transaction, the chief executive officer owned 54,241 shares of the company’s stock, valued at approximately $189,843.50. The trade was a 22.60% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.30% of the company’s stock.

Institutional Trading of Mackenzie Realty Capital

Hedge funds and other institutional investors have recently bought and sold shares of the company. Citadel Advisors LLC purchased a new stake in Mackenzie Realty Capital during the third quarter valued at about $58,000. Concorde Asset Management LLC boosted its position in Mackenzie Realty Capital by 14.1% during the fourth quarter. Concorde Asset Management LLC now owns 27,240 shares of the company’s stock valued at $111,000 after buying an additional 3,360 shares during the period. Quinn Opportunity Partners LLC purchased a new stake in Mackenzie Realty Capital during the fourth quarter valued at about $168,000. Geode Capital Management LLC boosted its position in Mackenzie Realty Capital by 1.6% during the second quarter. Geode Capital Management LLC now owns 158,105 shares of the company’s stock valued at $104,000 after buying an additional 2,530 shares during the period. Finally, Jane Street Group LLC purchased a new stake in Mackenzie Realty Capital during the fourth quarter valued at about $93,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Mackenzie Realty Capital in a report on Wednesday, April 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

View Our Latest Report on MKZR

Mackenzie Realty Capital Company Profile

(Get Free Report)

Mackenzie Realty Capital, Inc (NASDAQ:MKZR) is a real estate finance company that focuses on originating, acquiring and managing a diversified portfolio of real estate credit investments. The company’s offerings include first-lien mortgage loans, B-notes, mezzanine financing and short-term bridge loans secured by residential and small multifamily properties. By emphasizing collateral quality and short-to-medium-term maturities, Mackenzie Realty Capital aims to generate stable income streams and attractive risk-adjusted returns.

Since its initial public offering, Mackenzie Realty Capital has deployed capital across a variety of property types, including single-family rental communities, garden-style apartment complexes and mixed-use developments.

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