Sei Investments Co. Raises Holdings in Mack-Cali Realty Corporation (CLI)

Sei Investments Co. raised its stake in Mack-Cali Realty Corporation (NYSE:CLI) by 13.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 419,600 shares of the real estate investment trust’s stock after purchasing an additional 51,125 shares during the period. Sei Investments Co. owned approximately 0.47% of Mack-Cali Realty Corporation worth $9,948,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Teachers Retirement System of The State of Kentucky boosted its holdings in Mack-Cali Realty Corporation by 0.6% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 16,080 shares of the real estate investment trust’s stock valued at $436,000 after purchasing an additional 100 shares during the period. IndexIQ Advisors LLC boosted its holdings in Mack-Cali Realty Corporation by 12.3% in the 2nd quarter. IndexIQ Advisors LLC now owns 98,494 shares of the real estate investment trust’s stock valued at $2,673,000 after purchasing an additional 10,772 shares during the period. Virginia Retirement Systems ET AL lifted its holdings in shares of Mack-Cali Realty Corporation by 10.2% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 111,100 shares of the real estate investment trust’s stock worth $3,015,000 after acquiring an additional 10,300 shares during the period. Voya Investment Management LLC lifted its holdings in shares of Mack-Cali Realty Corporation by 8.8% during the 2nd quarter. Voya Investment Management LLC now owns 72,826 shares of the real estate investment trust’s stock worth $1,976,000 after acquiring an additional 5,873 shares during the period. Finally, Pensionfund DSM Netherlands bought a new position in shares of Mack-Cali Realty Corporation during the 3rd quarter worth about $1,233,000. 97.82% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: This report was published by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this report on another domain, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The original version of this report can be read at https://sportsperspectives.com/2017/11/21/sei-investments-co-raises-holdings-in-mack-cali-realty-corporation-cli.html.

CLI has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Mack-Cali Realty Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. Citigroup Inc. dropped their target price on shares of Mack-Cali Realty Corporation from $27.50 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, September 21st. Stifel Nicolaus reiterated a “buy” rating and set a $30.00 target price on shares of Mack-Cali Realty Corporation in a research report on Thursday, September 21st. Barclays PLC dropped 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 report on Friday, August 18th. Finally, ValuEngine cut shares of Mack-Cali Realty Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $28.43.

Shares of Mack-Cali Realty Corporation (CLI) opened at $22.17 on Tuesday. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market cap of $1,990.00, a PE ratio of 9.75, a price-to-earnings-growth ratio of 2.43 and a beta of 1.21. Mack-Cali Realty Corporation has a 1 year low of $21.18 and a 1 year high of $29.70.

Mack-Cali Realty Corporation (NYSE:CLI) last posted its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $0.57 earnings per share for the quarter, missing the consensus estimate 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 Corporation had a net margin of 4.14% and a return on equity of 1.53%. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 EPS. equities research analysts forecast that Mack-Cali Realty Corporation will post 2.27 earnings per share for the current fiscal year.

Mack-Cali Realty Corporation 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 Corporation (NYSE:CLI)

Receive News & Ratings for Mack-Cali Realty Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mack-Cali Realty Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply