Mack-Cali Realty Corporation (CLI) Stake Boosted by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lifted its holdings in Mack-Cali Realty Corporation (NYSE:CLI) by 18.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,080 shares of the real estate investment trust’s stock after purchasing an additional 3,000 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Mack-Cali Realty were worth $452,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of CLI. PNC Financial Services Group Inc. increased its stake in shares of Mack-Cali Realty by 5.2% in the second quarter. PNC Financial Services Group Inc. now owns 4,039 shares of the real estate investment trust’s stock worth $109,000 after purchasing an additional 200 shares during the period. Riverhead Capital Management LLC grew its position in Mack-Cali Realty by 107.3% during the second 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 in the last quarter. First Mercantile Trust Co. grew its position in Mack-Cali Realty by 1.5% during the second 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Mack-Cali Realty by 10.6% during the second 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 in the last quarter. Finally, LS Investment Advisors LLC grew its position in Mack-Cali Realty by 19.9% during the second 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 in the last quarter. Institutional investors and hedge funds own 99.25% of the company’s stock.

Shares of Mack-Cali Realty Corporation (CLI) opened at $22.33 on Friday. Mack-Cali Realty Corporation has a 1 year low of $21.18 and a 1 year high of $29.70. The firm has a market capitalization of $2,007.78, a PE ratio of 9.75, a P/E/G ratio of 1.69 and a beta of 1.19. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.20 and a current ratio of 1.20.

Mack-Cali Realty (NYSE:CLI) last released its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). The firm had revenue of $160.02 million for the quarter, compared to analyst estimates of $156.18 million. Mack-Cali Realty had a return on equity of 1.53% and a net margin of 4.14%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the business earned $0.60 earnings per share. analysts anticipate that Mack-Cali Realty Corporation will post 2.27 EPS for the current year.

CLI has been the topic of a number of recent research reports. Stifel Nicolaus downgraded Mack-Cali Realty from a “buy” rating to a “sell” rating in a research report on Wednesday, November 8th. ValuEngine downgraded Mack-Cali Realty from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. SunTrust Banks raised Mack-Cali Realty from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Tuesday, September 5th. They noted that the move was a valuation call. Zacks Investment Research raised Mack-Cali Realty from a “sell” rating to a “hold” rating in a research report on Monday, November 13th. Finally, Citigroup decreased their target price on Mack-Cali Realty from $27.50 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, September 21st. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $28.43.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece of content on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this piece of content can be accessed at https://www.com-unik.info/2017/12/03/mack-cali-realty-corporation-cli-stake-boosted-by-teachers-retirement-system-of-the-state-of-kentucky.html.

About Mack-Cali Realty

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.

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

What are top analysts saying about Mack-Cali Realty Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Mack-Cali Realty Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit