40,720 Shares in Mack-Cali Realty Corporation (CLI) Acquired by OxFORD Asset Management LLP

OxFORD Asset Management LLP acquired a new position in shares of Mack-Cali Realty Corporation (NYSE:CLI) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 40,720 shares of the real estate investment trust’s stock, valued at approximately $1,105,000.

Other large investors also recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its position in shares of Mack-Cali Realty Corporation by 5.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,839 shares of the real estate investment trust’s stock worth $103,000 after buying an additional 182 shares during the last quarter. Riverhead Capital Management LLC lifted its position in shares of Mack-Cali Realty Corporation by 107.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,353 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 2,253 shares during the last quarter. First Mercantile Trust Co. lifted its position in shares of Mack-Cali Realty Corporation by 1.5% during the 2nd quarter. First Mercantile Trust Co. now owns 4,640 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 70 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Mack-Cali Realty Corporation by 10.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,580 shares of the real estate investment trust’s stock worth $179,000 after buying an additional 628 shares during the last quarter. Finally, LS Investment Advisors LLC lifted its position in shares of Mack-Cali Realty Corporation by 19.9% during the 2nd quarter. LS Investment Advisors LLC now owns 7,151 shares of the real estate investment trust’s stock worth $194,000 after buying an additional 1,187 shares during the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

Mack-Cali Realty Corporation (NYSE:CLI) opened at 23.61 on Friday. Mack-Cali Realty Corporation has a one year low of $22.70 and a one year high of $29.70. The stock has a 50 day moving average of $23.46 and a 200-day moving average of $25.90. The firm’s market capitalization is $2.12 billion.

Mack-Cali Realty Corporation (NYSE:CLI) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.01). Mack-Cali Realty Corporation had a negative return on equity of 1.21% and a negative net margin of 3.31%. The firm had revenue of $162.77 million for the quarter, compared to the consensus estimate of $150.94 million. During the same quarter last year, the business earned $0.55 earnings per share. On average, equities analysts predict that Mack-Cali Realty Corporation will post ($0.11) EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Tuesday, October 3rd will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.39%. The ex-dividend date is Monday, October 2nd. Mack-Cali Realty Corporation’s dividend payout ratio (DPR) is presently -307.69%.

A number of equities analysts have recently commented on CLI shares. BidaskClub raised shares of Mack-Cali Realty Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. Evercore ISI reaffirmed an “outperform” rating and issued a $29.00 target price (down from $33.00) on shares of Mack-Cali Realty Corporation in a report on Wednesday, August 9th. SunTrust Banks, Inc. raised shares of Mack-Cali Realty Corporation from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Tuesday, September 5th. They noted that the move was a valuation call. ValuEngine raised shares of Mack-Cali Realty Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Barclays PLC cut their target price on shares of Mack-Cali Realty Corporation from $28.00 to $24.00 and set an “underweight” rating on the stock in a report on Friday, August 18th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $28.43.

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Mack-Cali Realty Corporation Profile

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 properties. It operates in three segments: commercial and other real estate, multi-family real estate and multi-family services.

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Institutional Ownership by Quarter for Mack-Cali Realty Corporation (NYSE:CLI)

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