Institutional Investors Are Crazy About Mack Cali Realty Corp (NYSE:CLI)

October 13, 2017 - By Maria Brooks

 Institutional Investors Are Crazy  About Mack Cali Realty Corp (NYSE:CLI)

Sentiment for Mack Cali Realty Corp (NYSE:CLI)

Mack Cali Realty Corp (NYSE:CLI) institutional sentiment increased to 1.29 in 2017 Q2. Its up 0.21, from 1.08 in 2017Q1. The ratio is better, as 103 funds increased or opened new equity positions, while 80 cut down and sold their positions in Mack Cali Realty Corp. The funds in our partner’s database now hold: 86.91 million shares, down from 87.34 million shares in 2017Q1. Also, the number of funds holding Mack Cali Realty Corp in their top 10 equity positions decreased from 2 to 1 for a decrease of 1. Sold All: 17 Reduced: 63 Increased: 77 New Position: 26.

Mack-Cali Realty Corporation is a self-administered and self-managed real estate investment trust . The company has market cap of $2.13 billion. The Firm owns and operates a real estate portfolio of Class A office and office/flex properties. It currently has negative earnings. It operates in three divisions: commercial and other real estate, multi-family real estate and multi-family services.

The stock increased 0.38% or $0.09 during the last trading session, reaching $23.7. About 437,404 shares traded. Mack Cali Realty Corp (NYSE:CLI) has risen 9.23% since October 13, 2016 and is uptrending. It has underperformed by 7.47% the S&P500.

Analysts expect Mack Cali Realty Corp (NYSE:CLI) to report $0.58 EPS on October, 24.They anticipate $0.02 EPS change or 3.57 % from last quarter’s $0.56 EPS. CLI’s profit would be $52.13 million giving it 10.22 P/E if the $0.58 EPS is correct. After having $0.60 EPS previously, Mack Cali Realty Corp’s analysts see -3.33 % EPS growth.

Land & Buildings Investment Management Llc holds 5.15% of its portfolio in Mack Cali Realty Corp for 735,935 shares. Weiss Multi owns 918,840 shares or 1.05% of their US portfolio. Moreover, Foundry Partners Llc has 0.52% invested in the company for 470,223 shares. The Massachusetts-based Frontier Capital Management Co Llc has invested 0.45% in the stock. Rothschild Asset Management Inc, a New York-based fund reported 1.38 million shares.#img1#

Mack Cali Realty Corp (NYSE:CLI) Ratings Coverage

Ratings analysis reveals 44% of Mack Cali Realty Corp’s analysts are positive. Out of 9 Wall Street analysts rating Mack Cali Realty Corp, 4 give it “Buy”, 1 “Sell” rating, while 4 recommend “Hold”. The lowest target is $20 while the high is $3000. The stock’s average target of $25.29 is 6.71% above today’s ($23.7) share price. CLI was included in 31 notes of analysts from August 14, 2015. JP Morgan upgraded the stock to “Neutral” rating in Thursday, December 17 report. The firm has “Buy” rating given on Monday, September 14 by Citigroup. The firm earned “Underweight” rating on Wednesday, March 30 by Barclays Capital. The stock has “Overweight” rating by JP Morgan on Friday, December 16. The company was upgraded on Monday, September 19 by Evercore. Citigroup maintained it with “Neutral” rating and $26 target in Thursday, September 21 report. The firm has “Buy” rating given on Monday, July 24 by Stifel Nicolaus. Barclays Capital maintained Mack Cali Realty Corp (NYSE:CLI) rating on Tuesday, July 19. Barclays Capital has “Underweight” rating and $28 target. Stifel Nicolaus maintained it with “Buy” rating and $26 target in Monday, January 18 report. The firm has “Hold” rating given on Monday, August 24 by Zacks.

More notable recent Mack Cali Realty Corp (NYSE:CLI) news were published by: Telegram.com which released: “Restaurant, spa planned at Front Street apartments in Worcester” on October 11, 2017, also Nasdaq.com with their article: “Ex-Dividend Reminder: Mack Cali Realty, Physicians Realty Trust and Bank of …” published on September 28, 2017, Prnewswire.com published: “Mack-Cali Realty Corporation To Present At NAREIT’s REITWeek 2017” on May 31, 2017. More interesting news about Mack Cali Realty Corp (NYSE:CLI) were released by: Prnewswire.com and their article: “Mack-Cali Realty Corporation To Join Jersey City’s 4th Of July Celebration” published on July 03, 2017 as well as Nasdaq.com‘s news article titled: “Mack-Cali Realty Corporation (CLI) Ex-Dividend Date Scheduled for October 02, 2017” with publication date: September 29, 2017.

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