SG Americas Securities LLC grew its holdings in shares of Mack Cali Realty Corp (NYSE:CLI) by 122.9% during the second quarter, Holdings Channel reports. The institutional investor owned 102,349 shares of the real estate investment trust’s stock after purchasing an additional 56,439 shares during the quarter. SG Americas Securities LLC’s holdings in Mack Cali Realty were worth $2,076,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. State of Alaska Department of Revenue increased its stake in shares of Mack Cali Realty by 89.9% during the second quarter. State of Alaska Department of Revenue now owns 7,424 shares of the real estate investment trust’s stock valued at $150,000 after acquiring an additional 3,514 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Mack Cali Realty by 32.7% during the first quarter. Envestnet Asset Management Inc. now owns 15,668 shares of the real estate investment trust’s stock valued at $262,000 after acquiring an additional 3,860 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in shares of Mack Cali Realty by 7.5% during the first quarter. Nomura Asset Management Co. Ltd. now owns 55,700 shares of the real estate investment trust’s stock valued at $931,000 after acquiring an additional 3,910 shares during the period. Aperio Group LLC increased its stake in shares of Mack Cali Realty by 11.6% during the first quarter. Aperio Group LLC now owns 43,736 shares of the real estate investment trust’s stock valued at $731,000 after acquiring an additional 4,550 shares during the period. Finally, Swiss National Bank increased its stake in shares of Mack Cali Realty by 4.0% during the first quarter. Swiss National Bank now owns 148,800 shares of the real estate investment trust’s stock valued at $2,486,000 after acquiring an additional 5,700 shares during the period. Institutional investors and hedge funds own 98.90% of the company’s stock.

Mack Cali Realty stock opened at $21.65 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.58. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 10.69 and a beta of 1.19. Mack Cali Realty Corp has a 1 year low of $15.86 and a 1 year high of $24.04.

Mack Cali Realty (NYSE:CLI) last posted its quarterly earnings results on Wednesday, August 1st. The real estate investment trust reported ($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.49). The business had revenue of $126.58 million during the quarter, compared to analyst estimates of $133.28 million. Mack Cali Realty had a return on equity of 4.70% and a net margin of 13.89%. The company’s quarterly revenue was down 90.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 EPS. sell-side analysts predict that Mack Cali Realty Corp will post 1.86 earnings per share for the current year.

CLI has been the topic of a number of research analyst reports. Citigroup raised their price objective on shares of Mack Cali Realty from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, June 28th. Barclays reiterated an “average” rating on shares of Mack Cali Realty in a research note on Thursday, June 14th. Zacks Investment Research upgraded shares of Mack Cali Realty from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 10th. ValuEngine lowered shares of Mack Cali Realty from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Finally, Deutsche Bank raised their price objective on shares of Mack Cali Realty from $20.00 to $21.00 and gave the company a “hold” rating in a research note on Tuesday, June 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $22.60.

In other Mack Cali Realty news, CEO Michael J. Demarco purchased 68,301 shares of the firm’s stock in a transaction on Tuesday, June 12th. The shares were purchased at an average price of $20.12 per share, for a total transaction of $1,374,216.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nathan Gantcher purchased 25,000 shares of the firm’s stock in a transaction on Thursday, June 21st. The stock was acquired at an average price of $20.60 per share, for a total transaction of $515,000.00. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 118,301 shares of company stock worth $2,382,216. 6.83% of the stock is currently owned by company insiders.

Mack Cali Realty Company Profile

Mack-Cali Realty Corporation is fully-integrated and self-managed company, Mack-Cali has provided world-class management, leasing, and development services throughout New Jersey and the surrounding region for two decades. By regularly investing in its properties and innovative lifestyle amenity packages, Mack-Cali creates environments that empower tenants and residents to reimagine the way they work and live.

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Institutional Ownership by Quarter for Mack Cali Realty (NYSE:CLI)

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