Ellington Management Group LLC bought a new stake in shares of Mack Cali Realty Corp (NYSE:CLI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 27,500 shares of the real estate investment trust’s stock, valued at approximately $593,000.
Several other institutional investors have also made changes to their positions in CLI. Bank of New York Mellon Corp raised its holdings in shares of Mack Cali Realty by 38.9% during the fourth quarter. Bank of New York Mellon Corp now owns 7,706,319 shares of the real estate investment trust’s stock valued at $166,147,000 after acquiring an additional 2,158,064 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Mack Cali Realty by 28.1% during the fourth quarter. Renaissance Technologies LLC now owns 2,751,800 shares of the real estate investment trust’s stock valued at $59,329,000 after acquiring an additional 603,800 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Mack Cali Realty by 84.7% during the fourth quarter. Deutsche Bank AG now owns 493,030 shares of the real estate investment trust’s stock valued at $10,627,000 after acquiring an additional 226,032 shares in the last quarter. Macquarie Group Ltd. raised its holdings in shares of Mack Cali Realty by 12.8% during the third quarter. Macquarie Group Ltd. now owns 1,508,404 shares of the real estate investment trust’s stock valued at $35,764,000 after acquiring an additional 171,494 shares in the last quarter. Finally, Guggenheim Capital LLC raised its holdings in shares of Mack Cali Realty by 666.1% during the fourth quarter. Guggenheim Capital LLC now owns 182,532 shares of the real estate investment trust’s stock valued at $3,936,000 after acquiring an additional 158,706 shares in the last quarter. Institutional investors own 99.28% of the company’s stock.
Mack Cali Realty Corp (NYSE CLI) opened at $17.65 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.68. The stock has a market capitalization of $1,579.25, a price-to-earnings ratio of 7.86, a price-to-earnings-growth ratio of 2.84 and a beta of 1.17. Mack Cali Realty Corp has a twelve month low of $16.67 and a twelve month high of $28.57.
Mack Cali Realty (NYSE:CLI) last posted its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.50). The firm had revenue of $143.53 million during the quarter, compared to the consensus estimate of $146.18 million. Mack Cali Realty had a return on equity of 0.79% and a net margin of 2.16%. equities analysts forecast that Mack Cali Realty Corp will post 1.83 EPS for the current year.
A number of equities analysts recently commented on the company. ValuEngine upgraded Mack Cali Realty from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research downgraded Mack Cali Realty from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. SunTrust Banks set a $28.00 target price on Mack Cali Realty and gave the company a “buy” rating in a report on Monday, January 22nd. Barclays decreased their target price on Mack Cali Realty from $24.00 to $21.00 and set an “underweight” rating for the company in a report on Tuesday, January 30th. Finally, Stifel Nicolaus upgraded Mack Cali Realty from a “sell” rating to a “hold” rating in a report on Monday, February 26th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $25.83.
In other news, CFO David J. Smetana acquired 5,800 shares of the firm’s stock in a transaction on Tuesday, March 6th. The stock was acquired at an average price of $16.86 per share, for a total transaction of $97,788.00. Following the completion of the acquisition, the chief financial officer now owns 5,800 shares in the company, valued at $97,788. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.80% of the stock is currently owned by corporate insiders.
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Mack Cali Realty Company 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.
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