Powell speech takes center stage in Tuesday’s economic events
Charles E. Patterson II, General Counsel/Secretary at MacKenzie Realty Capital, Inc. (NASDAQ:MKZR), a small-cap real estate company with a market capitalization of $9.15 million, acquired 21,012 shares of the company’s common stock on August 14, 2025, according to a Form 4/A filing with the Securities and Exchange Commission. The stock currently offers a substantial 34.66% dividend yield and trades at a price-to-book ratio of just 0.13. The shares were purchased at a price of $4.84, totaling $101698.
The prices paid for the shares ranged from $4.75 to $4.91. Following the transaction, Patterson directly owns 56,709 shares.
In other recent news, MacKenzie Realty Capital, Inc. has reported several key developments. The company announced the approval of regular quarterly dividends for its Series A and Series B preferred shares for the quarter ending September 30, 2025. Additionally, MacKenzie Realty Capital’s Board of Directors has approved a 1-for-10 reverse stock split. This move aims to increase the company’s per-share trading price to meet Nasdaq Capital Market’s minimum bid price requirement, effectively reducing the number of outstanding shares from approximately 15.8 million to 1.58 million.
Furthermore, MacKenzie Realty Capital has appointed Baker Tilly US, LLP as its new auditor following a merger with the company’s previous auditor, Moss Adams LLP. The transition was seamless, with Moss Adams’s audit reports for the fiscal years ending June 30, 2024, and 2023, remaining unqualified and without adverse opinions. In another development, MacKenzie Realty Capital’s Adviser, MacKenzie Real Estate Advisers, LP, along with CEO Robert Dixon and an affiliate, have increased their ownership stake to over 6% of the company’s outstanding common stock. Dixon expressed confidence in the company’s underlying value as the motivation for the purchase.
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