SG Americas Securities LLC lowered its position in Mack-Cali Realty Corporation (NYSE:CLI) by 15.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,808 shares of the real estate investment trust’s stock after selling 5,778 shares during the period. SG Americas Securities LLC’s holdings in Mack-Cali Realty were worth $754,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. PNC Financial Services Group Inc. lifted its position in shares of Mack-Cali Realty by 5.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,039 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 200 shares in the last quarter. Riverhead Capital Management LLC raised its stake in Mack-Cali Realty by 107.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,353 shares of the real estate investment trust’s stock valued at $118,000 after purchasing an additional 2,253 shares during the last quarter. First Mercantile Trust Co. raised its stake in Mack-Cali Realty by 1.5% in the 2nd quarter. First Mercantile Trust Co. now owns 4,640 shares of the real estate investment trust’s stock valued at $126,000 after purchasing an additional 70 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Mack-Cali Realty by 10.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,580 shares of the real estate investment trust’s stock valued at $179,000 after purchasing an additional 628 shares during the last quarter. Finally, LS Investment Advisors LLC raised its stake in Mack-Cali Realty by 19.9% in the 2nd quarter. LS Investment Advisors LLC now owns 7,151 shares of the real estate investment trust’s stock valued at $194,000 after purchasing an additional 1,187 shares during the last quarter. Hedge funds and other institutional investors own 99.21% of the company’s stock.

Several research firms recently commented on CLI. Stifel Nicolaus downgraded Mack-Cali Realty from a “buy” rating to a “sell” rating in a research note on Wednesday, November 8th. Evercore ISI reissued an “outperform” rating and issued a $29.00 price objective (down from $33.00) on shares of Mack-Cali Realty in a research note on Wednesday, August 9th. SunTrust Banks raised Mack-Cali Realty from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Tuesday, September 5th. They noted that the move was a valuation call. ValuEngine raised Mack-Cali Realty from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Zacks Investment Research raised Mack-Cali Realty from a “sell” rating to a “hold” rating in a research note on Monday, November 13th. Three analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $28.43.

Shares of Mack-Cali Realty Corporation (CLI) opened at $21.84 on Wednesday. Mack-Cali Realty Corporation has a 52 week low of $21.18 and a 52 week high of $29.70. The stock has a market capitalization of $2,000.59, a price-to-earnings ratio of 9.72, a price-to-earnings-growth ratio of 1.81 and a beta of 1.19. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.69.

Mack-Cali Realty (NYSE:CLI) last issued its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). The company had revenue of $160.02 million during the quarter, compared to analyst estimates of $156.18 million. Mack-Cali Realty had a return on equity of 1.53% and a net margin of 4.14%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same period last year, the business earned $0.60 earnings per share. sell-side analysts anticipate that Mack-Cali Realty Corporation will post 2.27 earnings per share for the current fiscal year.

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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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