Arizona State Retirement System boosted its position in shares of Mack-Cali Realty Corporation (NYSE:CLI) by 1.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 37,900 shares of the real estate investment trust’s stock after buying an additional 500 shares during the period. Arizona State Retirement System’s holdings in Mack-Cali Realty Corporation were worth $1,029,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its position in Mack-Cali Realty Corporation by 5.0% in the first quarter. PNC Financial Services Group Inc. now owns 3,839 shares of the real estate investment trust’s stock worth $103,000 after buying an additional 182 shares during the last quarter. Elkfork Partners LLC boosted its position in Mack-Cali Realty Corporation by 8.0% in the first quarter. Elkfork Partners LLC now owns 4,158 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 308 shares during the last quarter. Meadow Creek Investment Management LLC boosted its position in Mack-Cali Realty Corporation by 8.0% in the first quarter. Meadow Creek Investment Management LLC now owns 5,292 shares of the real estate investment trust’s stock worth $143,000 after buying an additional 392 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Mack-Cali Realty Corporation by 7.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,952 shares of the real estate investment trust’s stock worth $160,000 after buying an additional 419 shares during the last quarter. Finally, Glen Harbor Capital Management LLC boosted its position 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 during the last quarter. 99.23% of the stock is owned by institutional investors.

Mack-Cali Realty Corporation (NYSE CLI) opened at 22.95 on Wednesday. Mack-Cali Realty Corporation has a 52-week low of $22.88 and a 52-week high of $29.70. The company’s 50-day moving average is $25.25 and its 200-day moving average is $26.96. The firm’s market capitalization is $2.06 billion.

Mack-Cali Realty Corporation (NYSE:CLI) last posted its quarterly earnings data 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. The company had revenue of $162.77 million for the quarter, compared to analyst estimates of $150.94 million. Mack-Cali Realty Corporation had a negative return on equity of 1.21% and a negative net margin of 3.31%. During the same quarter in the previous year, the firm posted $0.55 EPS. Equities analysts predict that Mack-Cali Realty Corporation will post ($0.06) earnings per share for the current year.

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A number of research analysts have weighed in on CLI shares. BidaskClub raised shares of Mack-Cali Realty Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. Deutsche Bank AG boosted their target price on shares of Mack-Cali Realty Corporation from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Thursday, May 25th. Evercore ISI reissued an “outperform” rating and set a $29.00 target price (down previously from $33.00) on shares of Mack-Cali Realty Corporation in a research note on Wednesday, August 9th. Finally, Barclays PLC cut their target price on shares of Mack-Cali Realty Corporation from $28.00 to $24.00 and set an “underweight” rating for the company in a research note on Friday, August 18th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Mack-Cali Realty Corporation has an average rating of “Hold” and an average target price of $29.33.

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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