Mack Cali Realty Corp (CLI) : Real Estate Management Services scooped up 89,100 additional shares in Mack Cali Realty Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 13, 2016. The investment management firm now holds a total of 1,171,275 shares of Mack Cali Realty Corp which is valued at $28,543,972.Mack Cali Realty Corp makes up approximately 4.55% of Real Estate Management Services’s portfolio.
Mack Cali Realty Corp opened for trading at $24.37 and hit $24.68 on the upside on Monday, eventually ending the session at $24.59, with a gain of 0.90% or 0.22 points. The heightened volatility saw the trading volume jump to 4,49,585 shares. Company has a market cap of $2,203 M.
Other Hedge Funds, Including , Independent Portfolio Consultants reduced its stake in CLI by selling 100 shares or 1.17% in the most recent quarter. The Hedge Fund company now holds 8,440 shares of CLI which is valued at $205,683. Mack Cali Realty Corp makes up approx 0.06% of Independent Portfolio Consultants’s portfolio. Breton Hill Capital Ltd. sold out all of its stake in CLI during the most recent quarter. The investment firm sold 11,437 shares of CLI which is valued $278,720.Creative Planning boosted its stake in CLI in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 601 shares of Mack Cali Realty Corp which is valued at $14,009.
On the company’s financial health, Mack Cali Realty Corp reported $0.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Oct 28, 2015. Analyst had a consensus of $0.44. The company had revenue of $146.20 million for the quarter, compared to analysts expectations of $147.88 million. The company’s revenue was down -6.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.48 EPS.
Many Wall Street Analysts have commented on Mack Cali Realty Corp. Company shares were Reiterated by Stifel on Jan 15, 2016 to “Buy”, Firm has raised the Price Target to $ 26 from a previous price target of $25 .
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.