Mack Cali Realty Corp (NYSE:CLI) Shares Sold by Strs Ohio

Strs Ohio trimmed its stake in shares of Mack Cali Realty Corp (NYSE:CLI) by 5.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 135,111 shares of the real estate investment trust’s stock after selling 7,484 shares during the quarter. Strs Ohio owned about 0.15% of Mack Cali Realty worth $3,146,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the company. Retirement Systems of Alabama raised its position in shares of Mack Cali Realty by 0.4% during the 1st quarter. Retirement Systems of Alabama now owns 117,575 shares of the real estate investment trust’s stock worth $2,610,000 after purchasing an additional 470 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in Mack Cali Realty by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 36,183 shares of the real estate investment trust’s stock worth $843,000 after buying an additional 516 shares in the last quarter. Arizona State Retirement System grew its holdings in Mack Cali Realty by 1.1% in the 2nd quarter. Arizona State Retirement System now owns 65,566 shares of the real estate investment trust’s stock worth $1,527,000 after buying an additional 711 shares in the last quarter. Mason Street Advisors LLC grew its holdings in Mack Cali Realty by 1.5% in the 1st quarter. Mason Street Advisors LLC now owns 48,030 shares of the real estate investment trust’s stock worth $1,066,000 after buying an additional 720 shares in the last quarter. Finally, Marshall Wace North America L.P. grew its holdings in Mack Cali Realty by 35.9% in the 1st quarter. Marshall Wace North America L.P. now owns 3,408 shares of the real estate investment trust’s stock worth $76,000 after buying an additional 900 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

NYSE CLI traded down $0.15 on Friday, reaching $22.31. 321,491 shares of the stock traded hands, compared to its average volume of 373,373. The stock’s fifty day moving average price is $23.36. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.62 and a current ratio of 0.86. The company has a market capitalization of $2.03 billion, a P/E ratio of 12.19 and a beta of 1.02. Mack Cali Realty Corp has a 12 month low of $18.74 and a 12 month high of $24.88.

Mack Cali Realty (NYSE:CLI) last issued its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.84). The firm had revenue of $130.46 million for the quarter, compared to the consensus estimate of $132.61 million. Mack Cali Realty had a net margin of 49.47% and a return on equity of 14.57%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.45 earnings per share. Research analysts predict that Mack Cali Realty Corp will post 1.62 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Tuesday, July 2nd were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date was Monday, July 1st. Mack Cali Realty’s payout ratio is currently 43.72%.

A number of equities analysts recently issued reports on CLI shares. Stifel Nicolaus raised Mack Cali Realty from a “hold” rating to a “buy” rating and set a $21.73 price objective for the company in a report on Tuesday, April 16th. Zacks Investment Research raised Mack Cali Realty from a “sell” rating to a “hold” rating and set a $19.00 price objective for the company in a report on Tuesday, May 28th. TheStreet raised Mack Cali Realty from a “c” rating to a “b-” rating in a report on Monday, May 6th. BTIG Research reissued a “buy” rating and issued a $30.00 price objective (up from $26.00) on shares of Mack Cali Realty in a report on Thursday, June 13th. Finally, ValuEngine lowered Mack Cali Realty from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $22.35.

In other news, Director Alan R. Batkin purchased 2,000 shares of the firm’s stock in a transaction on Wednesday, June 19th. The stock was purchased at an average cost of $23.95 per share, with a total value of $47,900.00. Following the purchase, the director now owns 2,000 shares in the company, valued at approximately $47,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.83% of the company’s stock.

Mack Cali Realty Profile

One of the country's leading real estate investment trusts (REITs), Mack-Cali Realty Corporation is an owner, manager and developer of premier office and multifamily properties in select waterfront and transit-oriented markets throughout the Northeast. Mack-Cali is headquartered in Jersey City, New Jersey, and is the visionary behind the city's flourishing waterfront, where the company is leading development, improvement and place-making initiatives for Harborside, a master-planned destination comprised of class A office, luxury apartments, diverse retail and restaurants, and public spaces.

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

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