December 1, 2016 - By Marie Mckinney · 0 Comments
Mack Cali Realty Corp (NYSE:CLI) institutional sentiment decreased to 0.99 in Q2 2016. Its down -0.12, from 1.11 in 2016Q1. The ratio has worsened, as 100 hedge funds increased or started new equity positions, while 90 decreased and sold their holdings in Mack Cali Realty Corp. The hedge funds in our partner’s database now hold: 91.82 million shares, down from 91.84 million shares in 2016Q1. Also, the number of hedge funds holding Mack Cali Realty Corp in their top 10 equity positions decreased from 4 to 1 for a decrease of 3. Sold All: 16 Reduced: 74 Increased: 73 New Position: 27.
Mack-Cali Realty Corporation is a self-administered and self-managed real estate investment trust . The company has a market cap of $2.36 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 33.98 P/E ratio. The Company’s divisions include commercial and other real estate, multi-family real estate, multi-family services, and corporate & other.
About 206,072 shares traded hands. Mack Cali Realty Corp (NYSE:CLI) has risen 5.09% since April 28, 2016 and is uptrending. It has underperformed by 0.84% the S&P500.
Analysts await Mack Cali Realty Corp (NYSE:CLI) to report earnings on February, 22. They expect $0.54 earnings per share, up 14.89% or $0.07 from last year’s $0.47 per share. CLI’s profit will be $48.00 million for 12.29 P/E if the $0.54 EPS becomes a reality. After $0.56 actual earnings per share reported by Mack Cali Realty Corp for the previous quarter, Wall Street now forecasts -3.57% negative EPS growth.
According to Zacks Investment Research, “Mack-Cali Realty Corp. is a fully-integrated, self-administered and self-managed real estate investment trust that owns and operates a portfolio comprised predominantly of Class A office and office/flex properties located primarily in the Northeast, as well as commercial real estate leasing, management, acquisition, development and construction businesses.”
Land & Buildings Investment Management Llc holds 12.65% of its portfolio in Mack Cali Realty Corp for 866,300 shares. Real Estate Management Services Llc owns 728,600 shares or 3.42% of their US portfolio. Moreover, Forward Management Llc has 1.66% invested in the company for 734,000 shares. The Georgia-based Equity Investment Corp Ga has invested 1.36% in the stock. Springbok Capital Management Llc, a New York-based fund reported 210,100 shares.#img1#
Ratings analysis reveals 38% of Mack Cali Realty Corp’s analysts are positive. Out of 8 Wall Street analysts rating Mack Cali Realty Corp, 3 give it “Buy”, 1 “Sell” rating, while 4 recommend “Hold”. The lowest target is $20 while the high is $28. The stock’s average target of $24.86 is -6.37% below today’s ($26.55) share price. CLI was included in 22 notes of analysts from August 14, 2015. On Monday, March 21 the stock rating was maintained by Deutsche Bank with “Hold”. The stock of Mack Cali Realty Corp (NYSE:CLI) earned “Buy” rating by Citigroup on Friday, September 11. The rating was maintained by Barclays Capital on Tuesday, July 19 with “Underweight”. On Monday, May 16 the stock rating was maintained by Deutsche Bank with “Hold”. The stock has “Hold” rating given by Evercore on Tuesday, September 8. The rating was downgraded by Zacks on Friday, August 14 to “Buy”. The rating was maintained by Barclays Capital with “Underweight” on Wednesday, March 30. Zacks upgraded the shares of CLI in a report on Monday, August 17 to “Hold” rating. The company was initiated on Thursday, August 25 by BTIG Research. Stifel Nicolaus maintained Mack Cali Realty Corp (NYSE:CLI) rating on Monday, January 18. Stifel Nicolaus has “Buy” rating and $26 price target.
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: Reuters.com which released: “BRIEF-Mack-Cali Realty Corporation Q3 FFO per share $0.60” on October 25, 2016, also Nasdaq.com with their article: “Commit To Purchase Mack Cali Realty Corp At $17.50, Earn 11.2% Annualized …” published on November 22, 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 Realty Corporation Announces Third Quarter 2016 Results” published on October 25, 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
By Marie Mckinney