Mack Cali Realty Corp (CLI) : Piermont Capital Management reduced its stake in Mack Cali Realty Corp by 2.34% during the most recent quarter end. The investment management company now holds a total of 149,882 shares of Mack Cali Realty Corp which is valued at $3.9 Million after selling 3,590 shares in Mack Cali Realty Corp , the firm said in a disclosure report filed with the SEC on May 11, 2016.Mack Cali Realty Corp makes up approximately 1.26% of Piermont Capital Management’s portfolio.
Other Hedge Funds, Including , Landscape Capital Management L.l.c. sold out all of its stake in CLI during the most recent quarter. The investment firm sold 22,803 shares of CLI which is valued $592,650.Manufacturers Life Insurance Company The boosted its stake in CLI in the latest quarter, The investment management firm added 3,981 additional shares and now holds a total of 174,217 shares of Mack Cali Realty Corp which is valued at $4.5 Million. Mack Cali Realty Corp makes up approx 0.01% of Manufacturers Life Insurance Company The’s portfolio.Forum Securities Ltd reduced its stake in CLI by selling 104,066 shares or 56.58% in the most recent quarter. The Hedge Fund company now holds 79,866 shares of CLI which is valued at $2.1 Million. Mack Cali Realty Corp makes up approx 5.31% of Forum Securities Ltd’s portfolio.Rhumbline Advisers boosted its stake in CLI in the latest quarter, The investment management firm added 14,390 additional shares and now holds a total of 211,867 shares of Mack Cali Realty Corp which is valued at $5.6 Million. Mack Cali Realty Corp makes up approx 0.02% of Rhumbline Advisers’s portfolio.Clarivest Asset Management boosted its stake in CLI in the latest quarter, The investment management firm added 2,200 additional shares and now holds a total of 57,600 shares of Mack Cali Realty Corp which is valued at $1.5 Million. Mack Cali Realty Corp makes up approx 0.05% of Clarivest Asset Management’s portfolio.
Mack Cali Realty Corp opened for trading at $25.98 and hit $26.527 on the upside on Monday, eventually ending the session at $26.38, with a gain of 1.50% or 0.39 points. The heightened volatility saw the trading volume jump to 4,83,172 shares. Company has a market cap of $2,365 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.
Many Wall Street Analysts have commented on Mack Cali Realty Corp. Company shares were Reiterated by Stifel on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 28 from a previous price target of $26 .
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.