MacKenzie Realty Capital director buys $15,708 in shares

Charles E. Patterson II, General Counsel and Secretary at MacKenzie Realty Capital, Inc. (EXCHANGE:MKZR), recently purchased shares of the company’s common stock, according to a Form 4 filing with the Securities and Exchange Commission. The insider purchase comes as the company, currently valued at $7.87 million, trades below its InvestingPro Fair Value.

On August 12 and 13, Patterson acquired a total of 3,198 shares through four transactions. The prices paid ranged from $4.9008 to $4.9365, amounting to a total investment of $15,708. While the stock has declined over 81% in the past six months, it maintains a substantial dividend yield of 42.11%. InvestingPro subscribers can access detailed insider trading patterns and 8 additional key insights about MKZR.

These purchases were made indirectly through MacKenzie Real Estate Advisers, LP. Following these transactions, Patterson indirectly holds 35,706 shares through MacKenzie Real Estate Advisers, LP and 5,569 shares through MPF Successors, LP. The stock currently trades at a Price/Book ratio of just 0.11, suggesting significant potential value for investors.

In other recent news, MacKenzie Realty Capital, Inc. has approved regular quarterly dividends for the quarter ending September 30, 2025, for its Series A and Series B preferred shares. The company will notify holders of these shares through mail, as detailed in a Form 8-K filed with the Securities and Exchange Commission. Additionally, MacKenzie Realty Capital’s Board of Directors has approved a 1-for-10 reverse stock split to meet Nasdaq Capital Market’s minimum bid price requirement for continued listing. This move 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 not qualified or modified. These recent developments reflect ongoing strategic decisions by MacKenzie Realty Capital.

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