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Chief Financial Officer of MacKenzie Realty Capital (OTC:MKZR), Angche Sherpa, recently purchased shares of the company’s common stock amid a significant market decline, with the stock down over 21% in the past week. According to InvestingPro analysis, the stock appears undervalued, trading at just 0.11 times book value.
According to a Form 4 filing with the Securities and Exchange Commission, on August 6, 2025, Sherpa acquired 22,559 shares at $4.31 per share. The next day, August 7, 2025, Sherpa acquired another 7,949 shares at $4.64 per share. The total value of shares purchased is $134,112, with prices ranging from $4.31 to $4.64. These purchases come as the stock offers a substantial 44.44% dividend yield.
Following these transactions, Sherpa indirectly owns 30,508 shares through MacKenzie Real Estate Advisers, LP, 5569.2 shares through MPF Successors, LP, and directly owns 160.1 shares of MacKenzie Realty Capital Inc. Common Stock. InvestingPro data reveals the company’s overall financial health score is currently weak, with 11 additional key insights available to subscribers.
In other recent news, MacKenzie Realty Capital, Inc. has announced several significant developments. The company approved quarterly dividends for its Series A and Series B preferred shares for the quarter ending September 30, 2025. This decision was accompanied by a press release and an SEC filing, detailing the dividend payments to shareholders. Additionally, MacKenzie Realty’s Board of Directors has authorized a 1-for-10 reverse stock split. This move is intended to increase the per-share trading price to comply with Nasdaq Capital Market’s minimum bid price requirement, reducing the number of outstanding shares significantly.
In another development, MacKenzie Realty has appointed Baker Tilly US, LLP as its new auditor. This follows the merger of its previous auditor, Moss Adams LLP, with Baker Tilly US, LLP. Moss Adams’s audit reports for the past two fiscal years did not contain any adverse opinions or modifications. These recent developments highlight MacKenzie Realty’s ongoing efforts to maintain compliance and ensure transparency with its shareholders.
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