New insider activity at MacKenzie Realty Capital, Inc. ( (MKZR) ) has taken place on March 6, 2025.
CEO & President Robert E. Dixon has made a significant investment in MacKenzie Realty Capital, Inc. by purchasing 40,000 shares of the company’s stock, valued at $73,600.
Recent Updates on MKZR stock
MacKenzie Realty Capital, Inc. has recently announced a securities purchase agreement with an institutional investor, involving a registered direct offering and a concurrent private placement, expected to close on March 3, 2025. This offering is priced at $1.71 per share and is anticipated to generate approximately $4.8 million in gross proceeds, which the company plans to use for capital expenditures, strategic payments, and general corporate purposes. Additionally, MacKenzie Realty has signed a nonbinding letter of intent to expand its multi-family portfolio in Solano County, California, with a new waterfront development property. The company also launched a tender offer to purchase shares of Starwood Real Estate Income Trust at a discount, aiming for a potential profit if the estimated value is realized. These strategic moves are expected to impact MacKenzie’s financial positioning and growth strategy, potentially influencing analysts’ price targets and recommendations.
More about MacKenzie Realty Capital, Inc.
YTD Price Performance: -1.10%
Average Trading Volume: 142,574
Current Market Cap: $24.12M
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