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Charles E. Patterson II, General Counsel and Secretary of MacKenzie Realty Capital, Inc. (NASDAQ:MKZR), acquired 20,012 shares of the company’s common stock on August 14, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The insider purchase comes as the stock trades near its 52-week low, having declined over 83% in the past year. InvestingPro analysis indicates the stock is currently undervalued.
The shares were purchased at a weighted average price of $4.84, in a range of $4.75 to $4.91, for a total transaction value of $96,858. Following the transaction, Patterson indirectly owns 55,718 shares through MacKenzie Real Estate Advisers, LP. He disclaims beneficial ownership of the securities except to the extent of his pecuniary interest. He also indirectly owns 5,569 shares through MPF Successors, LP. The company currently offers a significant dividend yield of 42.55% and trades at a Price/Book ratio of just 0.11. For deeper insights into insider trading patterns and more exclusive financial metrics, consider subscribing to InvestingPro.
In other recent news, MacKenzie Realty Capital, Inc. announced the approval of regular quarterly dividends for its Series A and Series B preferred shares for the quarter ending September 30, 2025. The company will send letters to preferred stockholders detailing the dividend payments, as noted in a Form 8-K filing with the Securities and Exchange Commission. Additionally, MacKenzie Realty Capital’s Board of Directors has approved a 1-for-10 reverse stock split, a move aimed at meeting Nasdaq Capital Market’s minimum bid price requirement for continued listing. This action will reduce the number of outstanding shares from approximately 15.8 million to 1.58 million. In another development, MacKenzie Realty appointed Baker Tilly as its new auditor following the merger of its previous auditor, Moss Adams LLP, with Baker Tilly US, LLP. The Audit Committee selected Baker Tilly as the successor auditor, and reports from Moss Adams for fiscal years 2023 and 2024 were noted as unqualified and free of adverse opinions. These recent developments highlight significant operational and strategic changes within the company.
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