Springbok Capital Management Lowers stake in Mack Cali Realty Corp (CLI)

Mack Cali Realty Corp (CLI) : Springbok Capital Management reduced its stake in Mack Cali Realty Corp by 5.53% during the most recent quarter end. The investment management company now holds a total of 210,100 shares of Mack Cali Realty Corp which is valued at $5,706,316 after selling 12,300 shares in Mack Cali Realty Corp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Mack Cali Realty Corp makes up approximately 0.94% of Springbok Capital Management’s portfolio.

Other Hedge Funds, Including , Colony Group sold out all of its stake in CLI during the most recent quarter. The investment firm sold 175 shares of CLI which is valued $4,753.Profund Advisors boosted its stake in CLI in the latest quarter, The investment management firm added 2,887 additional shares and now holds a total of 24,072 shares of Mack Cali Realty Corp which is valued at $653,796. Mack Cali Realty Corp makes up approx 0.03% of Profund Advisors’s portfolio.Alliancebernstein boosted its stake in CLI in the latest quarter, The investment management firm added 9,428 additional shares and now holds a total of 191,353 shares of Mack Cali Realty Corp which is valued at $5,197,147.Advantus Capital Management Inc reduced its stake in CLI by selling 1,221 shares or 10.11% in the most recent quarter. The Hedge Fund company now holds 10,856 shares of CLI which is valued at $294,849. Mack Cali Realty Corp makes up approx 0.01% of Advantus Capital Management Inc’s portfolio.State Treasurer State Of Michigan boosted its stake in CLI in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 36,000 shares of Mack Cali Realty Corp which is valued at $1,004,400. Mack Cali Realty Corp makes up approx 0.01% of State Treasurer State Of Michigan’s portfolio.

Mack Cali Realty Corp opened for trading at $27.78 and hit $27.97 on the upside on Thursday, eventually ending the session at $27.84, with a gain of 0.29% or 0.08 points. The heightened volatility saw the trading volume jump to 4,58,418 shares. Company has a market cap of $2,496 M.

On the company’s financial health, Mack Cali Realty Corp reported $0.49 EPS for the quarter, based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus estimate of $0.49.Analysts expectations of $ 151.75.During the same quarter in the previous year, the company posted $0.43 EPS.

Mack-Cali Realty Corporation is a self-administered and self-managed real estate investment trust (REIT). The Company owns and operates a real estate portfolio of Class A office and office/flex and multi-family rental properties located primarily in the Northeast. The Company operates through three segments: commercial and other real estate multi-family real estate and multi-family services. It provides leasing property management acquisition development construction and tenant-related services for its commercial and other real estate and multi-family real estate portfolio. The Company holds interests in approximately 283 properties consisting of around 264 commercial properties totaling approximately 31.0 million square feet leased to approximately 2000 commercial tenants; around 19 multi-family rental properties containing 5484 residential units and developable land. The properties are located in seven states primarily in the Northeast and the District of Columbia.

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