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Jeri Ruth Bluth, Chief Compliance Officer of MacKenzie Realty Capital, Inc. (NASDAQ:MKZR), acquired 20,012 shares of the company’s common stock on August 14, 2025. The real estate investment firm, currently valued at $7.46 million, trades at a notably low Price/Book ratio of 0.11, according to InvestingPro data.
The shares were purchased at a weighted average price of $4.84, in a range from $4.75 to $4.91, for a total transaction value of $96,858. This insider purchase comes as the stock has declined 83.58% over the past year, with the current share price at $4.74.
Following the transaction, Ms. Bluth indirectly owns 55,718 shares through MacKenzie Real Estate Advisers, LP and 5,569 shares through MPF Successors, LP. The company offers a significant dividend yield of 42.55%, though InvestingPro analysis indicates several additional risk factors worth considering.
In other recent news, MacKenzie Realty Capital has announced the approval of quarterly dividends for its Series A and Series B preferred shares for the quarter ending September 30, 2025. This decision was communicated through a press release and a filing with the Securities and Exchange Commission. Additionally, the company has approved a 1-for-10 reverse stock split, intended to increase the per share trading price to comply with Nasdaq Capital Market’s minimum bid price requirement. This reverse split will reduce the number of outstanding shares from approximately 15.8 million to 1.58 million shares.
In another development, MacKenzie Realty Capital has appointed Baker Tilly US, LLP as its new auditor following the merger of its previous auditor, Moss Adams LLP, with Baker Tilly. The audit reports by Moss Adams for the fiscal years ending June 30, 2024, and 2023, were free from adverse opinions or disclaimers. These reports were also not qualified or modified regarding audit scope or accounting principles. These recent developments reflect significant corporate actions and changes for MacKenzie Realty Capital.
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