Short Interest Reporting: Could Mack Cali Realty Corporation (NYSE:CLI) Go Down After Its Newest Short Interest Report?

November 29, 2016 - By Marguerite Chambers   ·   0 Comments

Short Interest Reporting: Could Mack Cali Realty Corporation (NYSE:CLI) Go Down After Its Newest Short Interest Report?

The stock of Mack Cali Realty Corporation (NYSE:CLI) registered a decrease of 5.54% in short interest. CLI’s total short interest was 5.53M shares in November as published by FINRA. Its down 5.54% from 5.86 million shares, reported previously. With 601,600 shares average volume, it will take short sellers 9 days to cover their CLI’s short positions. The short interest to Mack Cali Realty Corporation’s float is 6.2%. About 168,836 shares traded hands. Mack Cali Realty Corp (NYSE:CLI) has risen 8.63% since April 26, 2016 and is uptrending. It has outperformed by 3.37% the S&P500.

Mack-Cali Realty Corporation is a self-administered and self-managed real estate investment trust . The company has a market cap of $2.45 billion. The Firm owns and operates a real estate portfolio of Class A office and office/flex properties located primarily in the Northeast. It has a 34.93 P/E ratio. The Company’s divisions include commercial and other real estate, multi-family real estate, multi-family services, and corporate & other.

Insitutional Activity: The institutional sentiment decreased to 0.99 in Q2 2016. Its down 0.12, from 1.11 in 2016Q1. The ratio fall, as 16 funds sold all Mack Cali Realty Corp shares owned while 74 reduced positions. 27 funds bought stakes while 73 increased positions. They now own 91.82 million shares or 0.03% less from 91.84 million shares in 2016Q1.
Richard Bernstein Ltd has 0.2% invested in the company for 77,404 shares. Chevy Chase Tru has invested 0.02% of its portfolio in Mack Cali Realty Corp (NYSE:CLI). Alpine Woods Investors Ltd Liability Co has invested 0.02% of its portfolio in Mack Cali Realty Corp (NYSE:CLI). Ameriprise holds 0.03% or 2.02 million shares in its portfolio. Bnp Paribas Investment Sa has 12,076 shares for 0% of their US portfolio. Moreover, Los Angeles Capital Mngmt & Equity Rech has 0% invested in Mack Cali Realty Corp (NYSE:CLI) for 10,475 shares. Texas Permanent School Fund has invested 0.02% of its portfolio in Mack Cali Realty Corp (NYSE:CLI). Checchi Cap Advisers Limited Liability Co reported 82 shares or 0% of all its holdings. Rhumbline Advisers last reported 0.01% of its portfolio in the stock. Moody State Bank Division owns 7,800 shares or 0.01% of their US portfolio. The New York-based Intll Group Inc has invested 0% in Mack Cali Realty Corp (NYSE:CLI). Guggenheim Ltd Limited Liability Company holds 32,361 shares or 0% of its portfolio. Zacks last reported 0.04% of its portfolio in the stock. Chicago Equity Prtnrs Ltd Co, a Illinois-based fund reported 306,825 shares. First Advisors Ltd Partnership last reported 0.01% of its portfolio in the stock.

Mack Cali Realty Corp (NYSE:CLI) Ratings Coverage

Out of 8 analysts covering Mack Cali Realty Corp (NYSE:CLI), 3 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 38% are positive. Mack Cali Realty Corp has been the topic of 22 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Monday, August 17 by Zacks. The rating was upgraded by Citigroup to “Buy” on Monday, September 14. Barclays Capital maintained it with “Underweight” rating and $22 target price in Wednesday, March 30 report. The rating was initiated by BTIG Research on Thursday, August 25 with “Neutral”. Barclays Capital maintained the shares of CLI in a report on Tuesday, July 19 with “Underweight” rating. The firm has “Hold” rating by Evercore given on Tuesday, September 8. As per Friday, January 15, the company rating was maintained by Stifel Nicolaus. As per Monday, August 24, the company rating was upgraded by Zacks. The firm has “Hold” rating by Deutsche Bank given on Monday, March 21. The stock has “Buy” rating given by Zacks on Friday, August 14.

CLI Company Profile

Mack-Cali Realty Corporation, incorporated on May 24, 1994, is a self-administered and self-managed real estate investment trust (REIT). The Firm owns and operates a real estate portfolio of Class A office and office/flex properties located primarily in the Northeast. The Company’s divisions include commercial and other real estate, multi-family real estate, multi-family services, and corporate & other. 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. It is engaged in real estate leasing, management, acquisition, development and construction services on an in-house basis. The Firm owns or has interests in approximately 270 properties, consisting of approximately 150 office and over 110 flex properties, totaling approximately 29.9 million square feet, leased to approximately 1,900 commercial tenants and over 20 multi-family rental properties containing approximately 5,640 residential units, plus developable land (collectively, the Properties). The properties are located in over seven states, primarily in the Northeast and the District of Columbia.

More notable recent Mack Cali Realty Corp (NYSE:CLI) news were published by: Nasdaq.com which released: “Commit To Purchase Mack Cali Realty Corp At $17.50, Earn 11.2% Annualized …” on November 22, 2016, also Reuters.com with their article: “BRIEF-Mack-Cali Realty Corporation Q3 FFO per share $0.60” published on October 25, 2016, Prnewswire.com published: “Mack-Cali Realty Corporation Announces Change To Board Of Directors” on September 27, 2016. More interesting news about Mack Cali Realty Corp (NYSE:CLI) were released by: Prnewswire.com and their article: “Mack-Cali Announces Redemption Of $135136000 Of 7.750% Notes Due 2019” published on November 29, 2016 as well as Prnewswire.com‘s news article titled: “Mack-Cali Announces Tender Offer for Any and All of Its 7.750% Senior …” with publication date: September 12, 2016.

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By Marguerite Chambers


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