Mack Cali Realty Corp (CLI) : Equity Investment Corpga reduced its stake in Mack Cali Realty Corp by 5.16% during the most recent quarter end. The investment management company now holds a total of 1,611,487 shares of Mack Cali Realty Corp which is valued at $44,960,487 after selling 87,596 shares in Mack Cali Realty Corp , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Mack Cali Realty Corp makes up approximately 1.35% of Equity Investment Corpga’s portfolio.
Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in CLI by selling 1,826 shares or 0.96% in the most recent quarter. The Hedge Fund company now holds 187,563 shares of CLI which is valued at $5,233,008. Mack Cali Realty Corp makes up approx 0.01% of California State Teachers Retirement System’s portfolio.Zurcher Kantonalbank (zurich Cantonalbank) boosted its stake in CLI in the latest quarter, The investment management firm added 13 additional shares and now holds a total of 4,934 shares of Mack Cali Realty Corp which is valued at $137,659. Advisory Services Network sold out all of its stake in CLI during the most recent quarter. The investment firm sold 104 shares of CLI which is valued $2,874. Pggm Investments added CLI to its portfolio by purchasing 181,182 company shares during the most recent quarter which is valued at $5,006,059. Mack Cali Realty Corp makes up approx 0.02% of Pggm Investments’s portfolio.
Mack Cali Realty Corp opened for trading at $27.6 and hit $27.85 on the upside on Monday, eventually ending the session at $27.76, with a gain of 0.47% or 0.13 points. The heightened volatility saw the trading volume jump to 2,98,898 shares. Company has a market cap of $2,489 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.