World Equity Group Inc. Takes $36,000 Position in MacKenzie Realty Capital, Inc. (NASDAQ:MKZR)

World Equity Group Inc. purchased a new stake in MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,289 shares of the company’s stock, valued at approximately $36,000. World Equity Group Inc. owned about 0.08% of MacKenzie Realty Capital at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Juncture Wealth Strategies LLC bought a new stake in shares of MacKenzie Realty Capital in the 4th quarter valued at about $42,000. Sageworth Trust Co bought a new stake in shares of MacKenzie Realty Capital in the 4th quarter valued at about $71,000. Finally, Atomi Financial Group Inc. bought a new stake in shares of MacKenzie Realty Capital in the 4th quarter valued at about $225,000.

Insider Buying and Selling

In other MacKenzie Realty Capital news, CEO Robert E. Dixon bought 15,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was acquired at an average cost of $2.56 per share, with a total value of $38,400.00. Following the purchase, the chief executive officer now owns 40,000 shares in the company, valued at $102,400. This trade represents a 60.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.59% of the stock is owned by company insiders.

MacKenzie Realty Capital Price Performance

NASDAQ MKZR opened at $1.96 on Tuesday. The business’s 50 day simple moving average is $2.79. MacKenzie Realty Capital, Inc. has a 52-week low of $1.05 and a 52-week high of $6.07.

MacKenzie Realty Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Tuesday, December 31st were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.20 dividend on an annualized basis and a yield of 10.20%.

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.