Mack Cali Realty Corp (NYSE:CLI): Stock Institutional Investors Like

October 13, 2017 - By Adrian Erickson

 Mack Cali Realty Corp (NYSE:CLI): Stock Institutional Investors  Like

Sentiment for Mack Cali Realty Corp (NYSE:CLI)

Mack Cali Realty Corp (NYSE:CLI) institutional sentiment increased to 1.29 in Q2 2017. Its up 0.21, from 1.08 in 2017Q1. The ratio increased, as 103 hedge funds opened new or increased positions, while 80 sold and trimmed positions in Mack Cali Realty Corp. The hedge funds in our partner’s database now possess: 86.91 million shares, down from 87.34 million shares in 2017Q1. Also, the number of hedge funds holding Mack Cali Realty Corp in their top 10 positions decreased from 2 to 1 for a decrease of 1. Sold All: 17 Reduced: 63 Increased: 77 New Position: 26.

Mack-Cali Realty Corporation is a self-administered and self-managed real estate investment trust . The company has market cap of $2.13 billion. The Firm owns and operates a real estate portfolio of Class A office and office/flex properties. It currently has negative earnings. It operates in three divisions: commercial and other real estate, multi-family real estate and multi-family services.

The stock increased 0.38% or $0.09 during the last trading session, reaching $23.7. About 437,404 shares traded. Mack Cali Realty Corp (NYSE:CLI) has risen 9.23% since October 13, 2016 and is uptrending. It has underperformed by 7.47% the S&P500.

Wall Street await Mack Cali Realty Corp (NYSE:CLI) to release earnings on October, 24. Analysts forecast EPS of $0.58, up exactly $0.02 or 3.57 % from 2014’s $0.56 EPS. The expected CLI’s profit could reach $52.13M giving the stock 10.22 P/E in the case that $0.58 earnings per share is reported. After posting $0.60 EPS for the previous quarter, Mack Cali Realty Corp’s analysts now forecast -3.33 % negative EPS growth.

Land & Buildings Investment Management Llc holds 5.15% of its portfolio in Mack Cali Realty Corp for 735,935 shares. Weiss Multi owns 918,840 shares or 1.05% of their US portfolio. Moreover, Foundry Partners Llc has 0.52% invested in the company for 470,223 shares. The Massachusetts-based Frontier Capital Management Co Llc has invested 0.45% in the stock. Rothschild Asset Management Inc, a New York-based fund reported 1.38 million shares.#img1#

Mack Cali Realty Corp (NYSE:CLI) Ratings Coverage

Ratings analysis reveals 44% of Mack Cali Realty Corp’s analysts are positive. Out of 9 Wall Street analysts rating Mack Cali Realty Corp, 4 give it “Buy”, 1 “Sell” rating, while 4 recommend “Hold”. The lowest target is $20 while the high is $3000. The stock’s average target of $25.29 is 6.71% above today’s ($23.7) share price. CLI was included in 31 notes of analysts from August 14, 2015. The stock of Mack Cali Realty Corp (NYSE:CLI) has “Hold” rating given on Monday, May 16 by Deutsche Bank. On Monday, August 24 the stock rating was upgraded by Zacks to “Hold”. The stock has “Overweight” rating by JP Morgan on Friday, December 16. The firm earned “Neutral” rating on Thursday, August 25 by BTIG Research. The company was downgraded on Friday, August 14 by Zacks. The company was maintained on Monday, November 2 by Stifel Nicolaus. Stifel Nicolaus maintained the stock with “Buy” rating in Monday, July 24 report. Evercore upgraded Mack Cali Realty Corp (NYSE:CLI) on Monday, September 19 to “Buy” rating. On Monday, January 18 the stock rating was maintained by Stifel Nicolaus with “Buy”. Citigroup maintained the stock with “Neutral” rating in Thursday, September 21 report.

More notable recent Mack Cali Realty Corp (NYSE:CLI) news were published by: Nasdaq.com which released: “Mack-Cali Realty Corporation (CLI) Ex-Dividend Date Scheduled for October 02, 2017” on September 29, 2017, also Telegram.com with their article: “Restaurant, spa planned at Front Street apartments in Worcester” published on October 11, 2017, Seekingalpha.com published: “Mack-Cali Realty’s (CLI) CEO Michael DeMarco on Q2 2017 Results – Earnings …” on August 03, 2017. More interesting news about Mack Cali Realty Corp (NYSE:CLI) were released by: Prnewswire.com and their article: “Mack-Cali Realty Corporation Declares Increased Quarterly Cash Dividend” published on June 12, 2017 as well as Prnewswire.com‘s news article titled: “Mack-Cali Realty Corporation To Present At NAREIT’s REITWeek 2017” with publication date: May 31, 2017.

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