Mackenzie realty’s chief portfolio manager buys $680 in stock

Christine Elizabeth Simpson, the Chief Portfolio Manager at MacKenzie Realty Capital Inc. (NASDAQ:MKZR), has acquired additional shares in the company. According to a recent SEC filing, Simpson purchased 500 shares of MacKenzie Realty’s common stock on April 1, 2025, at a price of $1.36 per share, totaling $680. The purchase comes as InvestingPro data shows the stock trading significantly below its Fair Value, despite offering a substantial 13.3% dividend yield.

Following this transaction, Simpson’s direct ownership in the company increased to 2,500 shares. Additionally, Simpson holds an indirect interest in 9,935.45 shares through MPF Successors, LP, which owns a total of 55,692 shares of MacKenzie Realty’s common stock. This insider purchase aligns with broader management share buybacks, though the stock has declined nearly 68% over the past year. InvestingPro subscribers can access 8 additional key insights about MKZR’s valuation and financial health.

In other recent news, MacKenzie Realty Capital, Inc. has announced a quarterly dividend of $0.05 per share for its common stock, payable on April 25, 2025. This dividend declaration is part of the company’s routine investor communications, as detailed in their recent SEC filings. Additionally, MacKenzie Realty has raised approximately $4.8 million through a stock offering, involving the sale of over 2.8 million shares to an institutional investor. This capital is intended for various corporate purposes, including potential acquisitions and strategic financial activities.

In a strategic financial move, MacKenzie Realty has also secured a $10 million line of credit with Patterson Real Estate Services, LP, to enhance its financial flexibility. Furthermore, the company has amended its charter and bylaws following stockholder approval, including changes to corporate governance and meeting procedures. These amendments aim to align with Maryland General Corporation Law and adjust stockholder meeting requirements. MacKenzie Realty’s recent actions reflect its ongoing efforts to maintain transparency and adaptability in its operations.

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