World Equity Group Inc. Makes New Investment in MacKenzie Realty Capital, Inc. (NASDAQ:MKZR)

World Equity Group Inc. purchased a new position in shares of MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 11,289 shares of the company’s stock, valued at approximately $36,000.

A number of other large investors have also recently bought and sold shares of the company. Atomi Financial Group Inc. acquired a new position in MacKenzie Realty Capital during the 4th quarter worth approximately $225,000. Sageworth Trust Co acquired a new position in MacKenzie Realty Capital during the 4th quarter worth approximately $71,000. Finally, Juncture Wealth Strategies LLC acquired a new position in MacKenzie Realty Capital during the 4th quarter worth approximately $42,000.

MacKenzie Realty Capital Price Performance

NASDAQ:MKZR opened at $1.96 on Tuesday. MacKenzie Realty Capital, Inc. has a twelve month low of $1.05 and a twelve month high of $6.07. The business’s 50 day moving average price is $2.79.

MacKenzie Realty Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Tuesday, December 31st were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 10.20%. The ex-dividend date of this dividend was Tuesday, December 31st.

Insider Activity

In related news, CEO Robert E. Dixon acquired 15,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was bought at an average price of $2.56 per share, with a total value of $38,400.00. Following the acquisition, the chief executive officer now owns 40,000 shares in the company, valued at $102,400. This represents a 60.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.59% of the stock is currently owned by insiders.

About MacKenzie Realty Capital

MacKenzie Realty Capital Inc is a REIT which focused on investing in multifamily housing and office real estate properties located principally in the United States. MacKenzie Realty Capital Inc is based in ORINDA, Calif.