(CLI) Shares now up at $27.62 Mack-Cali Realty Corporation Declares…

Marco Green
June 13, 2017

LSV Asset Management now owns 3,628,591 shares of the real estate investment trust's stock valued at $97,754,000 after buying an additional 86,597 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Mack-Cali Realty Corporation by 19.5% in the first quarter. Bank of New York Mellon Corp raised its stake in Mack-Cali Realty Corporation by 60.3% in the first quarter.

After a recent check on the stock, shares have been seen trading $0.46 away from the 50-day moving average of $27.16 and $-0.14 away from the 200-day moving average of $27.76. The Concannon Wealth Management Llc holds 58,726 shares with $2.00 million value, down from 79,633 last quarter. On average, equities analysts anticipate that Mack-Cali Realty Corporation will post $0.23 EPS for the current year. Bank of New York Mellon Corp now owns 3,185,577 shares of the real estate investment trust's stock valued at $85,820,000 after buying an additional 1,198,902 shares during the last quarter. Mack Cali Realty Corp had 25 analyst reports since August 14, 2015 according to SRatingsIntel. The firm bought 7,907 shares of the real estate investment trust's stock, valued at approximately $213,000.

Shares of Mack-Cali Realty Corporation (NYSE:CLI) opened at 27.62 on Monday. Geode Mngmt Ltd Company owns 754,389 shares. The firm has Mack-Cali as one of its only Buy-rated stocks among the "low barrier" office REITS. The firm has a market cap of $2.48 billion, a P/E ratio of 38.25 and a beta of 1.19. During the same quarter in the prior year, the business earned $0.69 earnings per share. The company had revenue of $149.90 million for the quarter, compared to analyst estimates of $151.22 million. Independent Consultants Inc stated it has 0.06% in Mack Cali Realty Corp (NYSE:CLI). The firm's revenue was down 2.0% compared to the same quarter a year ago. Next quarter's EPS is forecasted at $0.02 and the next full year EPS is projected to be $0.17. Mack-Cali Realty Corporation earned a daily sentiment score of -0.03 on Alpha One's scale. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.57 by $0.01.

The company declared a dividend that was paid on Thursday April 13th, 2017. The dividend yield was $2.22.

12/16/2016 - Mack-Cali Realty Corporation was upgraded to "overweight" by analysts at JP Morgan.

TRADEMARK VIOLATION WARNING: This piece was originally reported by Chaffey Breeze and is owned by of Chaffey Breeze. The correct version of this story can be read at https://sportsperspectives.com/2017/06/12/municipal-employees-retirement-system-of-michigan-has-1111000-stake-in-mack-cali-realty-corporation-cli.html.

CLI has been the subject of a number of analyst reports.

Land & Buildings Investment Management Llc holds 8.66% of its portfolio in Mack Cali Realty Corp for 1.22 million shares. Deutsche Bank AG upped their target price on Mack-Cali Realty Corporation from $27.00 to $28.00 and gave the company a "hold" rating in a report on Monday, March 20th. (NASDAQ:DLTR), 15 have Buy rating, 2 Sell and 10 Hold. The stock of Mack Cali Realty Corp (NYSE:CLI) has "Underweight" rating given on Wednesday, March 30 by Barclays Capital.

In other Mack-Cali Realty Corporation news, Director Alan G. Philibosian sold 15,000 shares of the stock in a transaction on Friday, March 17th. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Wall Street research analysts offer views on future stock movement of Mack-Cali Realty Corporation (NYSE:CLI). The Firm operates in three divisions: Container Ownership, which owns containers; Container Management, which manages containers on behalf of affiliated and unaffiliated container investors, and provides acquisition, management and disposal services, and total managed containers, and Container Resale, which sells containers from its fleet when they reach the end of their useful lives in marine service, and also purchases and leases or resells containers from shipping line customers, container traders and other sellers of containers.

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