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Christine Elizabeth Simpson, Chief Portfolio Manager at MacKenzie Realty Capital, Inc. (EXCHANGE:MKZR), acquired 20012 shares of the company’s common stock on August 14, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The company, currently valued at $7.46 million in market cap, trades at a notably low Price/Book ratio of 0.11 and offers an impressive 42.55% dividend yield. According to InvestingPro analysis, the stock appears undervalued at current levels.
The shares were purchased at a weighted average price of $4.84, resulting in a total transaction value of $96858. The prices for the purchases ranged from $4.75 to $4.91. Following the transaction, Simpson indirectly holds 55718 shares through MacKenzie Real Estate Advisers, LP. The purchase comes as the stock has experienced significant pressure, down 83.58% over the past year. InvestingPro subscribers have access to 8 additional key insights about MKZR’s valuation and financial health.
In other recent news, MacKenzie Realty Capital, Inc. has approved regular 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 SEC filing, ensuring transparency with shareholders. Additionally, the company has announced a 1-for-10 reverse stock split, a strategic move to meet Nasdaq Capital Market’s minimum bid price requirement for continued listing. This action will consolidate ten current shares into one new share, reducing the total number of outstanding shares significantly. In another development, MacKenzie Realty has appointed Baker Tilly US, LLP as its new auditor following the merger with its previous auditor, Moss Adams LLP. The Audit Committee approved this change, noting that Moss Adams’s previous audit reports did not contain any adverse opinions or modifications. These recent developments highlight the company’s ongoing efforts to maintain compliance and ensure financial transparency.
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