MacKenzie Realty Capital, Inc. (NASDAQ:MKZR - Get Free Report) CEO Robert E. Dixon bought 20,000 shares of MacKenzie Realty Capital stock in a transaction that occurred on Thursday, April 3rd. The shares were acquired at an average cost of $1.43 per share, with a total value of $28,600.00. Following the acquisition, the chief executive officer now owns 231,512 shares of the company's stock, valued at $331,062.16. The trade was a 9.46 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
MacKenzie Realty Capital Stock Performance
Shares of MKZR opened at $1.42 on Friday. The stock's 50-day moving average is $1.94. 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 Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 31st will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 14.08%. The ex-dividend date of this dividend is Monday, March 31st.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the stock. Ashton Thomas Private Wealth LLC purchased a new stake in MacKenzie Realty Capital in the 4th quarter worth approximately $32,000. World Equity Group Inc. acquired a new position in shares of MacKenzie Realty Capital in the 4th quarter valued at $36,000. Northern Trust Corp acquired a new position in shares of MacKenzie Realty Capital in the 4th quarter valued at $40,000. Juncture Wealth Strategies LLC purchased a new stake in MacKenzie Realty Capital during the fourth quarter worth $42,000. Finally, Two Sigma Securities LLC acquired a new stake in MacKenzie Realty Capital during the fourth quarter valued at $44,000.
About MacKenzie Realty Capital
(
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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.
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