Charles Patterson II Buys 14,000 Shares of Mackenzie Realty Capital (NASDAQ:MKZR) Stock

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) General Counsel Charles Patterson II bought 14,000 shares of the stock in a transaction dated Thursday, October 2nd. The stock was purchased at an average cost of $5.06 per share, with a total value of $70,840.00. Following the completion of the purchase, the general counsel directly owned 85,855 shares in the company, valued at approximately $434,426.30. This trade represents a 19.48% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Mackenzie Realty Capital Stock Performance

Mackenzie Realty Capital stock opened at $5.84 on Tuesday. Mackenzie Realty Capital, Inc. has a 1 year low of $3.89 and a 1 year high of $55.00. The company’s 50-day moving average is $5.45 and its two-hundred day moving average is $8.30.

Hedge Funds Weigh In On Mackenzie Realty Capital

Large investors have recently bought and sold shares of the company. Armistice Capital LLC bought a new position in shares of Mackenzie Realty Capital during the 1st quarter worth approximately $2,169,000. Concorde Asset Management LLC boosted its holdings in Mackenzie Realty Capital by 313.4% during the first quarter. Concorde Asset Management LLC now owns 98,100 shares of the company’s stock worth $147,000 after purchasing an additional 74,372 shares during the last quarter. Savvy Advisors Inc. boosted its holdings in Mackenzie Realty Capital by 494.1% during the second quarter. Savvy Advisors Inc. now owns 87,133 shares of the company’s stock worth $58,000 after purchasing an additional 72,467 shares during the last quarter. Clarity Capital Partners LLC bought a new position in Mackenzie Realty Capital in the first quarter valued at $55,000. Finally, Arkadios Wealth Advisors acquired a new stake in Mackenzie Realty Capital in the 1st quarter valued at $54,000.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Mackenzie Realty Capital in a report on Saturday, September 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Mackenzie Realty Capital Company Profile

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.