MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) CEO Robert E. Dixon Purchases 15,000 Shares

MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) CEO Robert E. Dixon acquired 15,000 shares of the stock in a transaction on Tuesday, January 21st. The shares were purchased at an average price of $2.56 per share, for a total transaction of $38,400.00. Following the transaction, the chief executive officer now directly owns 40,000 shares in the company, valued at approximately $102,400. This trade represents a 60.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

MacKenzie Realty Capital Stock Performance

MKZR stock opened at $2.19 on Thursday. MacKenzie Realty Capital, Inc. has a 52 week low of $1.05 and a 52 week high of $6.07. The company has a 50-day simple moving average of $3.40.

MacKenzie Realty Capital Cuts Dividend

The firm 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 of this dividend is Tuesday, December 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 9.13%.

Institutional Investors Weigh In On MacKenzie Realty Capital

An institutional investor recently bought a new position in MacKenzie Realty Capital stock. Juncture Wealth Strategies LLC acquired a new position in shares of MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 13,234 shares of the company’s stock, valued at approximately $42,000. Juncture Wealth Strategies LLC owned 0.10% of MacKenzie Realty Capital at the end of the most recent reporting period.

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.