4/A: MacKenzie Realty Capital Insider Corrects Share Purchase

An amended SEC filing reveals MacKenzie Realty Capital's General Counsel corrected a reported share acquisition, increasing the disclosed amount.

Summary

• Charles E. Patterson II, a Director, 10% Owner, and General Counsel/Secretary of MacKenzie Realty Capital, Inc. (MKZR), filed an amended Form 4.
• The amendment corrected an error in a previously reported transaction, increasing the number of shares acquired from 20,012 to 21,012.
• Patterson indirectly acquired 21,012 shares of MacKenzie Realty Capital Inc. Common Stock on August 14, 2025.
• The shares were purchased at a weighted average price of $4.84, with individual transaction prices ranging from $4.75 to $4.91.
• Following this transaction, Patterson beneficially owns 56,709 shares indirectly through MacKenzie Real Estate Advisers, LP (MREA).

Sentiment

Score: 7

Explanation: The filing indicates an insider (Director, 10% Owner, General Counsel/Secretary) increased their beneficial ownership, which is generally a positive signal of confidence in the company's future. The correction of an administrative error to reflect a higher number of acquired shares further reinforces this positive sentiment.

Positives

• Insider acquisition of 21,012 shares of common stock by a key executive (Director, 10% Owner, General Counsel/Secretary) signals confidence in the company's future.
• The weighted average purchase price of $4.84 per share indicates management's belief in the stock's value at this level.

Negatives

• An error in the initial filing (reporting 20,012 instead of 21,012 shares) suggests a minor administrative oversight.

Future Outlook

Not applicable. This filing reports a past transaction and a correction, providing no forward-looking statements or guidance.

Management Comments

• The reporting person undertakes to provide to MacKenzie Realty Capital, Inc. (MKZR), any security holder of MKZR, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote 1 to this Form 4.
• The filer owns an interest in MREA and therefore could be deemed to beneficially own the MRC shares acquired by MREA, but disclaims beneficial ownership of the securities referred to herein except to the extent of the filer's pecuniary interest in such securities.

Industry Context

Insider buying, particularly by a director and officer, is generally viewed as a positive signal of management's confidence in the company's prospects, regardless of the specific industry. In the real estate investment sector, such actions can indicate a positive outlook on the company's asset portfolio or strategic direction.

Related Party Transactions

• The acquisition was made indirectly through MacKenzie Real Estate Advisers, LP (MREA), where the filer owns an interest. This constitutes a related party transaction in terms of beneficial ownership.

Stakeholder Impact

• Shareholders: May view the insider's increased share acquisition as a positive indicator of management confidence, potentially leading to increased investor interest.

Key Dates

Recommendation

While the insider's acquisition of additional shares, even through a correction, signals confidence and is a positive indicator, this single Form 4/A filing primarily corrects an administrative error rather than announcing a new, substantial strategic move. It reinforces existing insider sentiment but does not provide enough new information to warrant a 'buy' recommendation without further fundamental analysis of the company's broader financial health and market position. Therefore, a 'hold' recommendation is appropriate, acknowledging the positive insider action while awaiting more comprehensive data.

Keywords

MacKenzie Realty Capital, MKZR, Insider Trading, Form 4/A, Share Acquisition, Charles E. Patterson II, Common Stock, Beneficial Ownership, Real Estate Investment