State of Alaska Department of Revenue increased its stake in Mack-Cali Realty Corporation (NYSE:CLI) by 9.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,690 shares of the real estate investment trust’s stock after buying an additional 1,140 shares during the period. State of Alaska Department of Revenue’s holdings in Mack-Cali Realty Corporation were worth $343,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Great West Life Assurance Co. Can raised its position in Mack-Cali Realty Corporation by 3.6% in the first quarter. Great West Life Assurance Co. Can now owns 95,502 shares of the real estate investment trust’s stock valued at $2,572,000 after buying an additional 3,297 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in Mack-Cali Realty Corporation by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 31,300 shares of the real estate investment trust’s stock worth $843,000 after buying an additional 400 shares in the last quarter. Glen Harbor Capital Management LLC raised its stake in Mack-Cali Realty Corporation by 8.0% in the first quarter. Glen Harbor Capital Management LLC now owns 6,426 shares of the real estate investment trust’s stock worth $173,000 after buying an additional 476 shares in the last quarter. ProShare Advisors LLC increased its stake in Mack-Cali Realty Corporation by 438.0% in the first quarter. ProShare Advisors LLC now owns 252,930 shares of the real estate investment trust’s stock worth $1,144,000 after buying an additional 205,919 shares during the last quarter. Finally, PGGM Investments increased its stake in Mack-Cali Realty Corporation by 320.6% in the first quarter. PGGM Investments now owns 762,000 shares of the real estate investment trust’s stock worth $20,528,000 after buying an additional 580,818 shares during the last quarter. Institutional investors and hedge funds own 99.59% of the company’s stock.

Mack-Cali Realty Corporation (NYSE:CLI) traded up 0.04% on Monday, reaching $24.85. The company had a trading volume of 859,215 shares. The firm’s market capitalization is $2.23 billion. Mack-Cali Realty Corporation has a one year low of $24.59 and a one year high of $29.70. The company’s 50 day moving average is $27.01 and its 200-day moving average is $27.48.

Mack-Cali Realty Corporation (NYSE:CLI) last posted its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.60 EPS for the quarter, missing the consensus estimate of $0.61 by $0.01. Mack-Cali Realty Corporation had a negative return on equity of 1.21% and a negative net margin of 3.31%. The firm had revenue of $162.77 million for the quarter, compared to analyst estimates of $150.94 million. During the same quarter last year, the firm earned $0.55 EPS. On average, equities research analysts expect that Mack-Cali Realty Corporation will post $0.23 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Thursday, July 6th were given a dividend of $0.20 per share. The ex-dividend date was Monday, July 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 3.22%. This is an increase from Mack-Cali Realty Corporation’s previous quarterly dividend of $0.15. Mack-Cali Realty Corporation’s dividend payout ratio is presently -307.69%.

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A number of research firms have recently weighed in on CLI. BidaskClub downgraded shares of Mack-Cali Realty Corporation from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Barclays PLC cut their price objective on shares of Mack-Cali Realty Corporation from $29.00 to $28.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 18th. Finally, Deutsche Bank AG boosted their price target on shares of Mack-Cali Realty Corporation from $28.00 to $29.00 and gave the stock a “hold” rating in a research report on Thursday, May 25th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $30.20.

About Mack-Cali Realty Corporation

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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