Strs Ohio Sells 2,774 Shares of Mack-Cali Realty Corporation (CLI)

Strs Ohio reduced its stake in Mack-Cali Realty Corporation (NYSE:CLI) by 1.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 139,494 shares of the real estate investment trust’s stock after selling 2,774 shares during the period. Strs Ohio owned approximately 0.16% of Mack-Cali Realty Corporation worth $3,307,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CLI. Teachers Advisors LLC increased its holdings in Mack-Cali Realty Corporation by 5.2% in the 1st quarter. Teachers Advisors LLC now owns 212,264 shares of the real estate investment trust’s stock valued at $5,718,000 after purchasing an additional 10,538 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Mack-Cali Realty Corporation by 5.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,839 shares of the real estate investment trust’s stock valued at $103,000 after purchasing an additional 182 shares in the last quarter. Geode Capital Management LLC increased its holdings in Mack-Cali Realty Corporation by 9.8% in the 1st quarter. Geode Capital Management LLC now owns 827,973 shares of the real estate investment trust’s stock valued at $22,305,000 after purchasing an additional 73,584 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Mack-Cali Realty Corporation by 3.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,253,554 shares of the real estate investment trust’s stock valued at $33,770,000 after purchasing an additional 47,060 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in Mack-Cali Realty Corporation by 6,678.9% in the 1st quarter. BlackRock Inc. now owns 11,568,140 shares of the real estate investment trust’s stock valued at $311,648,000 after purchasing an additional 11,397,492 shares in the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.

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CLI has been the subject of several recent research reports. ValuEngine upgraded Mack-Cali Realty Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Stifel Nicolaus restated a “buy” rating and set a $30.00 target price on shares of Mack-Cali Realty Corporation in a research note on Thursday, September 21st. SunTrust Banks, Inc. upgraded Mack-Cali Realty Corporation from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Tuesday, September 5th. They noted that the move was a valuation call. Citigroup Inc. lowered their target price on Mack-Cali Realty Corporation from $27.50 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, September 21st. Finally, Evercore ISI restated an “outperform” rating and set a $29.00 target price (down from $33.00) on shares of Mack-Cali Realty Corporation in a research note on Wednesday, August 9th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $28.43.

Shares of Mack-Cali Realty Corporation (NYSE:CLI) opened at 22.77 on Wednesday. The firm’s market capitalization is $2.04 billion. The stock’s 50 day moving average price is $23.32 and its 200 day moving average price is $25.50. Mack-Cali Realty Corporation has a 52 week low of $22.23 and a 52 week high of $29.70.

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

The company also recently announced a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Tuesday, October 3rd were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, October 2nd. This represents a $0.80 annualized dividend and a yield of 3.51%. Mack-Cali Realty Corporation’s dividend payout ratio (DPR) is presently -307.69%.

Mack-Cali Realty Corporation Company 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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