Insider Buying: MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) CEO Purchases 10,000 Shares of Stock

MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) CEO Robert E. Dixon purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The shares were purchased at an average cost of $2.85 per share, with a total value of $28,500.00. Following the completion of the purchase, the chief executive officer now owns 19,935 shares of the company’s stock, valued at $56,814.75. The trade was a 100.65 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

MacKenzie Realty Capital Trading Down 11.7 %

Shares of NASDAQ MKZR opened at $2.41 on Monday. MacKenzie Realty Capital, Inc. has a 1-year low of $1.05 and a 1-year high of $6.07.

MacKenzie Realty Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Tuesday, December 31st will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 8.30%. The ex-dividend date of this dividend is Tuesday, December 31st.

Institutional Investors Weigh In On MacKenzie Realty Capital

An institutional investor recently bought a new position in MacKenzie Realty Capital stock. Atomi Financial Group Inc. purchased a new position in MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 quarter.

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.