Mack-Cali Realty Corporation (NYSE:CLI) Holdings Boosted by Voya Investment Management LLC

Voya Investment Management LLC raised its stake in Mack-Cali Realty Corporation (NYSE:CLI) by 8.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,826 shares of the real estate investment trust’s stock after acquiring an additional 5,873 shares during the period. Voya Investment Management LLC owned approximately 0.08% of Mack-Cali Realty Corporation worth $1,976,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. grew its position in Mack-Cali Realty Corporation by 5.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,839 shares of the real estate investment trust’s stock worth $103,000 after acquiring an additional 182 shares during the last quarter. Riverhead Capital Management LLC grew its position in Mack-Cali Realty Corporation by 107.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,353 shares of the real estate investment trust’s stock worth $118,000 after acquiring an additional 2,253 shares during the last quarter. First Mercantile Trust Co. grew its position in Mack-Cali Realty Corporation by 1.5% during the 2nd quarter. First Mercantile Trust Co. now owns 4,640 shares of the real estate investment trust’s stock worth $126,000 after acquiring an additional 70 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Mack-Cali Realty Corporation by 10.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,580 shares of the real estate investment trust’s stock worth $179,000 after acquiring an additional 628 shares during the last quarter. Finally, LS Investment Advisors LLC grew its position in Mack-Cali Realty Corporation by 19.9% during the 2nd quarter. LS Investment Advisors LLC now owns 7,151 shares of the real estate investment trust’s stock worth $194,000 after acquiring an additional 1,187 shares during the last quarter. 99.48% of the stock is owned by institutional investors.

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A number of equities research analysts have commented on the company. Barclays PLC dropped their price target on Mack-Cali Realty Corporation from $28.00 to $24.00 and set an “underweight” rating on the stock in a research note on Friday, August 18th. Zacks Investment Research downgraded Mack-Cali Realty Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. ValuEngine raised Mack-Cali Realty Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Stifel Nicolaus reissued a “buy” rating and issued a $30.00 price objective on shares of Mack-Cali Realty Corporation in a research note on Thursday, September 21st. Finally, SunTrust Banks, Inc. raised Mack-Cali Realty Corporation from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Tuesday, September 5th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. Mack-Cali Realty Corporation currently has an average rating of “Hold” and a consensus price target of $28.43.

Mack-Cali Realty Corporation (NYSE CLI) opened at 22.43 on Friday. The company’s market capitalization is $2.01 billion. The firm’s 50-day moving average price is $23.42 and its 200 day moving average price is $25.65. Mack-Cali Realty Corporation has a one year low of $22.30 and a one year high of $29.70.

Mack-Cali Realty Corporation (NYSE:CLI) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.01). Mack-Cali Realty Corporation had a negative net margin of 3.31% and a negative return on equity of 1.21%. The company had revenue of $162.77 million during the quarter, compared to analyst estimates of $150.94 million. During the same quarter last year, the business earned $0.55 EPS. On average, equities research analysts expect that Mack-Cali Realty Corporation will post ($0.11) earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Tuesday, October 3rd were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, October 2nd. This represents a $0.80 annualized dividend and a dividend yield of 3.57%. Mack-Cali Realty Corporation’s dividend payout ratio (DPR) is -307.69%.

Mack-Cali Realty Corporation Profile

Mack-Cali Realty Corporation is a self-administered and self-managed real estate investment trust (REIT). The Company owns and operates a real estate portfolio of Class A office and office/flex properties. It operates in three segments: commercial and other real estate, multi-family real estate and multi-family services.

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

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