Mack Cali Realty Corp (CLI) Stake Increased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio raised its position in Mack Cali Realty Corp (NYSE:CLI) by 11.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 132,258 shares of the real estate investment trust’s stock after purchasing an additional 13,771 shares during the period. Public Employees Retirement System of Ohio owned 0.15% of Mack Cali Realty worth $3,136,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Mack Cali Realty by 1.2% in the 2nd quarter. BlackRock Inc. now owns 11,701,738 shares of the real estate investment trust’s stock valued at $317,584,000 after acquiring an additional 133,598 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Mack Cali Realty by 53.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 5,548,255 shares of the real estate investment trust’s stock valued at $131,549,000 after acquiring an additional 1,932,241 shares in the last quarter. State Street Corp increased its stake in shares of Mack Cali Realty by 2.6% in the 2nd quarter. State Street Corp now owns 4,237,235 shares of the real estate investment trust’s stock valued at $115,002,000 after acquiring an additional 109,044 shares in the last quarter. LSV Asset Management increased its stake in shares of Mack Cali Realty by 3.6% in the 2nd quarter. LSV Asset Management now owns 3,758,691 shares of the real estate investment trust’s stock valued at $102,010,000 after acquiring an additional 130,100 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Mack Cali Realty by 9.2% in the 2nd quarter. Northern Trust Corp now owns 2,644,167 shares of the real estate investment trust’s stock valued at $71,762,000 after acquiring an additional 222,207 shares in the last quarter. Hedge funds and other institutional investors own 99.16% of the company’s stock.

Several analysts have recently weighed in on CLI shares. Citigroup lowered their price objective on shares of Mack Cali Realty from $27.50 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, September 21st. Stifel Nicolaus reiterated a “buy” rating and issued a $30.00 price objective on shares of Mack Cali Realty in a research note on Thursday, September 21st. ValuEngine upgraded shares of Mack Cali Realty from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research lowered shares of Mack Cali Realty from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Four research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Mack Cali Realty has an average rating of “Hold” and an average target price of $28.00.

Shares of Mack Cali Realty Corp (CLI) opened at $20.74 on Friday. The company has a market cap of $1,877.41, a price-to-earnings ratio of 90.18, a price-to-earnings-growth ratio of 2.93 and a beta of 1.19. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.20 and a current ratio of 1.20. Mack Cali Realty Corp has a one year low of $20.71 and a one year high of $29.70.

Mack Cali Realty (NYSE:CLI) last announced its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $0.57 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.01). The business had revenue of $160.02 million for the quarter, compared to the consensus estimate of $156.18 million. Mack Cali Realty had a net margin of 4.14% and a return on equity of 1.53%. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 EPS. equities research analysts forecast that Mack Cali Realty Corp will post 2.26 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Wednesday, January 3rd were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, January 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 3.86%. Mack Cali Realty’s dividend payout ratio (DPR) is presently 347.84%.

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Mack Cali Realty 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 (NYSE:CLI)

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