Mack Cali Realty Corp (CLI) Stake Increased by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in shares of Mack Cali Realty Corp (NYSE:CLI) by 2.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,281,924 shares of the real estate investment trust’s stock after acquiring an additional 56,712 shares during the quarter. Victory Capital Management Inc.’s holdings in Mack Cali Realty were worth $48,514,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of Mack Cali Realty by 8.2% during the 2nd quarter. BlackRock Inc. now owns 13,198,378 shares of the real estate investment trust’s stock worth $267,663,000 after buying an additional 998,387 shares during the last quarter. American Century Companies Inc. purchased a new stake in shares of Mack Cali Realty during the 2nd quarter worth approximately $739,000. Swiss National Bank lifted its position in shares of Mack Cali Realty by 5.4% during the 2nd quarter. Swiss National Bank now owns 156,900 shares of the real estate investment trust’s stock worth $3,182,000 after buying an additional 8,100 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Mack Cali Realty by 39.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 187,790 shares of the real estate investment trust’s stock worth $3,808,000 after buying an additional 53,516 shares during the last quarter. Finally, Laurion Capital Management LP purchased a new stake in shares of Mack Cali Realty during the 2nd quarter worth approximately $308,000. Institutional investors and hedge funds own 98.06% of the company’s stock.

Shares of Mack Cali Realty stock opened at $20.94 on Friday. The firm has a market capitalization of $1.84 billion, a PE ratio of 9.39 and a beta of 1.18. Mack Cali Realty Corp has a 12 month low of $15.86 and a 12 month high of $23.30. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.71 and a current ratio of 0.71.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Tuesday, October 2nd were issued a $0.20 dividend. The ex-dividend date was Monday, October 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.82%. Mack Cali Realty’s payout ratio is 35.87%.

CLI has been the topic of a number of recent research reports. ValuEngine raised shares of Mack Cali Realty from a “sell” rating to a “hold” rating in a report on Friday, October 19th. Zacks Investment Research cut shares of Mack Cali Realty from a “hold” rating to a “sell” rating in a report on Tuesday, October 16th. Barclays reaffirmed a “sell” rating and issued a $18.00 target price on shares of Mack Cali Realty in a report on Sunday, October 14th. JPMorgan Chase & Co. cut shares of Mack Cali Realty from an “overweight” rating to a “neutral” rating in a report on Friday, October 5th. Finally, Stifel Nicolaus cut their target price on shares of Mack Cali Realty from $23.00 to $21.00 and set a “hold” rating on the stock in a report on Tuesday, September 25th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $21.80.

In other news, EVP Robert Andrew Marshall sold 1,426 shares of Mack Cali Realty stock in a transaction on Monday, September 10th. The shares were sold at an average price of $21.28, for a total value of $30,345.28. Following the transaction, the executive vice president now directly owns 1,426 shares of the company’s stock, valued at approximately $30,345.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.83% of the company’s stock.

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Mack Cali Realty Profile

Mack-Cali Realty Corporation is fully-integrated and self-managed company, Mack-Cali has provided world-class management, leasing, and development services throughout New Jersey and the surrounding region for two decades. By regularly investing in its properties and innovative lifestyle amenity packages, Mack-Cali creates environments that empower tenants and residents to reimagine the way they work and live.

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Want to see what other hedge funds are holding CLI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mack Cali Realty Corp (NYSE:CLI).

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

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